0
Shivaji madali Posted 15 years ago
Medical & Dental Studies
Opinion
hi
why there is a huge gap of cost of medicines in America compared to other countries like india? what is making to high cost of medicines in America?? Is the American government incompetent to control drug prices?? How the local people are bearing such high price medicines which are available at very low cost in india??
why there is a huge gap of cost of medicines in America compared to other countries like india? what is making to high cost of medicines in America?? Is the American government incompetent to control drug prices?? How the local people are bearing such high price medicines which are available at very low cost in india??
Top answer
It has something to do with the high cost of R&D, and the 17-year patent expiration. As soon as the patent expires on a new drug, other companies may use the formula, selling the drug for a small margin above their manufacturing costs, and cutting the original developer out of the picture. It costs millions to develop a new drug and to get it through the regulatory agencies - clinical trials, bribing government officials, etc.
- It has something to do with the high cost of R&D, and the 17-year patent expiration.
- As soon as the patent expires on a new drug, other companies may use the formula, selling the drug for a small margin above their manufacturing costs, and cutting the original developer out of the picture.
- It costs millions to develop a new drug and to get it through the regulatory agencies - clinical trials, bribing government officials, etc.
- " So when a company succeeds in getting a new drug to market, it must recoup all its losses during the first 17 years.
Get the Weekly English Kit 📬
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.
7 Answers
0
It has something to do with the high cost of R&D, and the 17-year patent expiration.
As soon as the patent expires on a new drug, other companies may use the formula, selling the drug for a small margin above their manufacturing costs, and cutting the original developer out of the picture.
It costs millions to develop a new drug and to get it through the regulatory agencies - cli
As soon as the patent expires on a new drug, other companies may use the formula, selling the drug for a small margin above their manufacturing costs, and cutting the original developer out of the picture.
It costs millions to develop a new drug and to get it through the regulatory agencies - cli
00
Dear Mr. Avangi,
It is true. I come back tomorrow to address on this topic with some more information. Very nice topic, indeed.
Regards,
Sri
It is true. I come back tomorrow to address on this topic with some more information. Very nice topic, indeed.
Regards,
Sri
00
I am confused. what happens after 17 yrs ?? Useless rules are in America. they have to see the wellness of patient not the companies welfare. it is not called government which cannot give assurance to the people. worst situation.
00
The alternative would be to nationalize the pharmaceutical industry. That would be appropriate only in case of a national emergency, and then only on a temporary basis.
00
Some interesting facts:
Product Price in USA Price in India
paracetamol (strip of 10tabs) $5 Rs. 15-25 = 50 cents
amlodipine $ 11 77 = $1.5
ampicillin
Product Price in USA Price in India
paracetamol (strip of 10tabs) $5 Rs. 15-25 = 50 cents
amlodipine $ 11 77 = $1.5
ampicillin
00
hi vsrao. so we have to dump all our medicines to america and help the people there. that is why lot of foreign people coming to india for treatment. good change.
smdl
smdl
00
sorry not possible because of capitalism in america. government must take some medicines from companies and give it to poor american people. smdl
0
Related Questions