Parkinson's Disease Tulip


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Old 06-02-2009, 02:51 PM #11
girija girija is offline
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Just wanted to add a little more to share how unfair the present system is: NIH-funded grants (our tax $$$) are the basis for most of the drug development. Here is the story that keeps repeating, I have seen numerous times: Scientist in academia finds something promosing (mostly funded by NIH), opens a SMall biotech funded by NIH grants, ground work is done by tax payers money! Big pharma buys the small biotech and makes the drug. We have to pay through our nose for the drug.
Some sort of regulation is surely needed/

Girija






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Originally Posted by olsen View Post
Hi Fiona, that's the "risk/bnefit" ratio at work. My husband has a solution for one aspect of the problem--the one in which our govt sells newly discovered and patented drugs to a pharmaceutical entity for "further development" and production. He suggests that the patent never be sold and there be a cap placed on the amount for which the pharm company could sell the drug. i think it disingenuous for the govt to maintain it is not equipped to manufacture and market drugs, that the private sector is more able to do this. The profits realized by the pharm industry (last yr, 1 drug responsible for >$28 Billion for the pharm industry )are outrageous. The pharmaceutical lobby in washington to maintain the status quo is also outrageous.
Everything is reduced to the bottom line.

I posted the listing not for its information but for the implication of the egregious amt of $$ required to obtain the information. I understand it was specifically targeted to the financial sector. I understand the takers are interested in Parkinson's disease only in terms of exploiting its financial potential. I understand someone has to purchase stock in the pharma cos so that more R and D can occur. In the venacular of my children, I think the present system sucks.
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Old 06-02-2009, 03:49 PM #12
Fiona Fiona is offline
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Thanks, Girija. And from what I understand, most Pharm companies have about 18% of their budgets allocated for R and D, as opposed to the 30% they spend for their marketing. Hello, priorities???
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Old 06-02-2009, 04:08 PM #13
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Default nationalizing the pharm industry

As much as I dislike having the govt nationalize anything, I think it should nationalize the pharmaceutical industry.
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Old 06-02-2009, 09:12 PM #14
Jaye Jaye is offline
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Default Pharmas shouldn't be the way they now are.

I am on the bandwagon playing the music of changing the system. Maybe pharmas should be co-ops, like feed stores, where everyone does their part so that all may be well. Do we sneer at such lofty purpose in this era? Whatever happened to promoting the "general Welfare" [Preamble to U.S. Constitution]?

It's not that I think that pharmas are all bad companies run by evil people, nor that the glass is part full or part empty, but that the "glass" is the wrong size for what it's required to do.

I don't know what kind of organization should be created to discover, develop, and distribute drugs. I also don't know how health care workers should be appropriately remunerated for their education and time. But I do hold strongly this opinion:

No one, NO ONE, should ever, EVER
make a profit
off of the illness of another person.

Jaye
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