Re:A police dog who cried drugs at every traffic stop
by giantg2 on Wednesday May 19, 2021 @07:43AM
(#27207231)
That's a pretty bold claim to blanketly say that one person is wrong and another is right when there are multiple points in each statement.
Do you realize they went bankrupt largely due to their pricing model? If you have a valid market and plan, you can get funding. This seems like they didn't have a good plan. Just because you give one example of a bankrupt small company doesn't mean that is representative of the industry. There are plenty of examples of other companies being successful. Some of these tend to get bought out by the larger companies. This article suggests that R&D costs about $1M (and 2 people recieved the treatment from the company that went bankrupt due to the high price). I'm sure there are additional costs for testing and approval.
Having executives making a combined $14M per year seems like a major factor in the price when the patient population is small. For example, 1k patients per year would have to pay $140k each just to cover the executive overhead.
Do you realize they went bankrupt largely due to their pricing model? If you have a valid market and plan, you can get funding. This seems like they didn't have a good plan. Just because you give one example of a bankrupt small company doesn't mean that is representative of the industry. There are plenty of examples of other companies being successful. Some of these tend to get bought out by the larger companies. This article suggests that R&D costs about $1M (and 2 people recieved the treatment from the company that went bankrupt due to the high price). I'm sure there are additional costs for testing and approval.
https://geneticliteracyproject.org/2017/12/12/gene-therapy-c...
Having executives making a combined $14M per year seems like a major factor in the price when the patient population is small. For example, 1k patients per year would have to pay $140k each just to cover the executive overhead.
https://www.execpay.org/company/jeffrey-d-marrazzo-766