Rapidcreek@reddthat.com to politics @lemmy.world · 1 year agoTargeting costly meds, Biden admin asserts authority to seize certain drug patentswww.politico.comexternal-linkmessage-square23fedilinkarrow-up1392arrow-down16
arrow-up1386arrow-down1external-linkTargeting costly meds, Biden admin asserts authority to seize certain drug patentswww.politico.comRapidcreek@reddthat.com to politics @lemmy.world · 1 year agomessage-square23fedilink
minus-squarehalcyoncmdr@lemmy.worldlinkfedilinkEnglisharrow-up177arrow-down1·1 year agoThese drugs were developed with public funds and yet are sold at outrageous pricing. If the pharma industry was at all reasonable about their pricing, this wouldn’t be a consideration at all. If you take public funds, you can’t charge exorbitant amounts. Seems an easy trade-off decision for them to make.
minus-squareoDDmON@lemmy.worldlinkfedilinkarrow-up54arrow-down1·1 year ago^ This. R&D in PharmaWorld means mergers and acquisitions; the real moneymakers they scrape from public research, tweak and then charge for.
minus-squareCaptainSpaceman@lemmy.worldlinkfedilinkarrow-up24·1 year ago If you take public funds, you can’t charge exorbitant amounts. Seems an easy trade-off decision for them to make. Damn I wish that were true. Telecoms got like $4bn decades ago to upgrade American infra…
minus-squarehalcyoncmdr@lemmy.worldlinkfedilinkEnglisharrow-up10·1 year agoNot only then, they’re allowed to recoup deployment costs as separate surcharges, not part of plan costs, and they’re still charging for infrastructure they already completed decades ago.
minus-squareSerinus@lemmy.worldlinkfedilinkarrow-up2·1 year agoAdd about 15% to the sticker price of any cell phone plan because of taxes and those fees.
minus-squarecheese_greater@lemmy.worldlinkfedilinkarrow-up11·1 year agoThere should be full backpay/reimbursal from the bullshit profits
These drugs were developed with public funds and yet are sold at outrageous pricing.
If the pharma industry was at all reasonable about their pricing, this wouldn’t be a consideration at all.
If you take public funds, you can’t charge exorbitant amounts. Seems an easy trade-off decision for them to make.
^ This. R&D in PharmaWorld means mergers and acquisitions; the real moneymakers they scrape from public research, tweak and then charge for.
Damn I wish that were true. Telecoms got like $4bn decades ago to upgrade American infra…
Not only then, they’re allowed to recoup deployment costs as separate surcharges, not part of plan costs, and they’re still charging for infrastructure they already completed decades ago.
Add about 15% to the sticker price of any cell phone plan because of taxes and those fees.
There should be full backpay/reimbursal from the bullshit profits