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Re:Nonprofit Working to Block Drug Imports Has Ties to Pharm... by rayiner on Tuesday April 18, 2017 @11:25AM (#14139591)
> This medicine is out of patent; the R&D costs have been recovered. There's no reason for it to cost as much as is does in the US, apart from greed.

So apparently this medicine is used for treating parasitic worm infections, which I imagine is a vanishingly small market in the United States. That means that the costs of tooling up to produce the drug (and producing it to the standards of safety and purity demanded of any medicine produced in the U.S.) must be amortized over a tiny population of customers.

To make a comparison: a commercial Common Lisp IDE runs nearly $1,000 for a hobbyist edition, while you can get professional versions Clion or Jetbrains for $100-400. But there's no patent or other protections limiting competition in the development tools industry. It's simply the economics of making a product that caters to a tiny niche of potential customers.

Re:Nonprofit Working to Block Drug Imports Has Ties to Pharm... by chimeracoder on Tuesday April 18, 2017 @11:57AM (#14139892)
> So apparently this medicine is used for treating parasitic worm infections, which I imagine is a vanishingly small market in the United States.

It's incredibly common in veterinary medicine in the US.

Veterinary pharmaceuticals are oftentimes (though not always) manufactured in the same plants. Sometimes the inactive ingredients are not safe for human consumption, so that doesn't mean that you can always just take veterinary drugs safely, but sometimes (particularly in the case of antibiotics), they are literally manufactured on the same lines, and are simply packaged and distributed differently.

Given the massive difference in price between albendazole for humans and albendazole for animals, I'm willing to bet that this is another attempt at market segmentation (which we already know is rampant in the US pharmaceutical industry - that's how they make their global profits!), rather than a real necessity of the scale.

Re:Nonprofit Working to Block Drug Imports Has Ties to Pharm... by johnchristopher on Tuesday April 18, 2017 @12:14PM (#14140043)
Even so, 430 times the lowest price shows how distorted the market is.

Unless it's okay because we can rationalize it as "it helps make the product accessible to poorer countries".

Re:Nonprofit Working to Block Drug Imports Has Ties to Pharm... by briandear on Tuesday April 18, 2017 @01:42PM (#14141018)
The US price subsidizes the Sierra Leon price. You also don't have multi-million dollar lawsuits in Sierra Leon.

Want to lower drug prices? Enact tort reform.

Re:Nonprofit Working to Block Drug Imports Has Ties to Pharm... by sbov on Tuesday April 18, 2017 @01:57PM (#14141178)
Texas has tried pretty much every piece of trope certain political parties like to trot out to "fix" medical care, including tort reform. It hasn't done a damn thing.
Re:Nonprofit Working to Block Drug Imports Has Ties to Pharm... by tasty_freeze on Tuesday April 18, 2017 @10:47PM (#14145074)
What percent of, say, Merck's annual budget goes towards paying out due to court cases they have lost where tort reform might make a difference? (I mean, ignore any lawsuits surrounding business practices, or from a competitor) Or pick any other pharma giant.

I tried to google it myself but didn't find anything clear on the matter.

Re:Nonprofit Working to Block Drug Imports Has Ties to Pharm... by summarite on Tuesday April 18, 2017 @03:21PM (#14142022)
What nonsense. It's out of patent. There's no cost anymore except production and distribution. It's not a matter of recovering costs anymore, it's an oligopoly fixing the prices.
Re:Nonprofit Working to Block Drug Imports Has Ties to Pharm... by unethical_ban on Tuesday April 18, 2017 @01:24PM (#14140805)
Then perhaps we should look at the benfits of having such rigorous purity standards, if it makes drug prices 10000% higher than in other markets that have wider use.
Re:Nonprofit Working to Block Drug Imports Has Ties to Pharm... by maxerickson on Tuesday April 18, 2017 @11:33AM (#14139690)
It'd be really interesting to see their actual costs for whatever run size is justified by the US market (and some ancillary information like how much they throw away to keep the supply fresh and so on).