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Thread: New Cure For Blindness Priced at $850,000

  1. #11
    Veteran Member Dr Sampson Simpson's Avatar
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    Quote Originally Posted by Madeline View Post
    I don't favor a for-profit pharmaceuticals industry. Science does not need a profit motive to advance. We should nationalize these companies right along with the health insurance companies, as we pass universal health care.

    But, if they do remain private, for-profit endeavors, there needs to be legislation that caps the level of profit they can extract, as well as the obscene levels of executive compensation they can pay.
    This is wrong. you need profit motives to justify the huge risks companies take spending millions, over sometimes a decade,and then the drug could not work and you lost it all. Clinical trials cost millions.

    Nobody would invest in early stage development if there wasn't an ability to make a large return. The larger the risk, the larger the reward.

    Basic science research doesn't need profits, but to turn the science into an actual product does
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  2. #12
    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    If we had Universal Healthcare this drug would not have been developed
    Because greed is the only motivating factor for doctors to treat patients? How much did Doctor Salk make off the Polio Vaccine? Billions?
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  3. #13
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    Quote Originally Posted by OldGaffer View Post
    Because greed is the only motivating factor for doctors to treat patients? How much did Doctor Salk make off the Polio Vaccine? Billions?
    Mr. Gaffer,

    Probably not, as per the patent laws at the time, the polio vaccine could not be patented.

    The Real Reason Why Salk Refused to Patent the Polio Vaccine | BIOtechNow

  4. #14
    Veteran Member Madeline's Avatar
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    Quote Originally Posted by Southern Dad View Post
    This treatment is going to be sold in very limited quantities. This company went through all of the R & D to come up with this cure. They have had to spend a fortune on the regulatory hurdles to get their FDA clearances. There is no doubt that this should be a very expensive treatment. It cures blindness for one very, very small set of people. Only 1,000 - 2,000 people even have this particular disease. How many of the drug will be manufactured or sold? It's a one time treatment.

    I see nothing wrong with the drug or the price. Harvard Pilgrim, one insurer has agreed to cover the cost for patients covered by their insurance plans but here's the key... What are the odds that they even have a single patient that they cover that will need Luxturna?
    We have recompensed that company at least 3xs already for those costs.

    How many more times would you like to give them money they have no right to?

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    Quote Originally Posted by Southern Dad View Post
    This treatment is going to be sold in very limited quantities. This company went through all of the R & D to come up with this cure. They have had to spend a fortune on the regulatory hurdles to get their FDA clearances. There is no doubt that this should be a very expensive treatment. It cures blindness for one very, very small set of people. Only 1,000 - 2,000 people even have this particular disease. How many of the drug will be manufactured or sold? It's a one time treatment.

    I see nothing wrong with the drug or the price. Harvard Pilgrim, one insurer has agreed to cover the cost for patients covered by their insurance plans but here's the key... What are the odds that they even have a single patient that they cover that will need Luxturna?
    However, the technology has endless potential.

  6. #16
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    Quote Originally Posted by TNVolunteer73 View Post
    If we had Universal Healthcare this drug would not have been developed
    Prove it.

  7. #17
    Veteran Member Madeline's Avatar
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    Quote Originally Posted by pragmatic View Post
    Read the article in the paper this morning. One thing that stood out was that the potential audience for this treatment is very small.

    Get's dicey. How much was invested in the research/testing of the drug/treatment?? What expectation should there be for the company to get a return on their investment? If the corporation is prevented from making a profit, then they are not going to invest in finding the "next cure". On the other hand, if they are gouging desperate people then they should be held accountable for that action.


    Usually two sides to a story...
    Not this story. This company received the value of deductions for its overall R & D costs, then it received government dough under orphan drug laws, then it received government dough under additional deductions for the cost of bringing this drug to market.

    It also received a patent, even though government scientists, working at public universities and government labs, do much of the critical research and give it to the pharmaceutical companies for free.
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    Quote Originally Posted by Dr Sampson Simpson View Post
    This is wrong. you need profit motives to justify the huge risks companies take spending millions, over sometimes a decade,and then the drug could not work and you lost it all. Clinical trials cost millions.

    Nobody would invest in early stage development if there wasn't an ability to make a large return. The larger the risk, the larger the reward.

    Basic science research doesn't need profits, but to turn the science into an actual product does
    That’s what makes the medical prominence of Cuba all the more surprising to those who view a free market as an essential driver of scientific discovery. Cuba is very poor, and yet the country has some of the healthiest, most long-lived residents in the world — as well as a medical invention or two that could run circles around U.S. therapies, thanks to government investment in scientific research and a preventive public health approach that views medical care as a birthright.

    https://www.huffingtonpost.com/entry...b03a4056799015
    humans arent just motivated by profit.
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  9. #19
    the "good" prag pragmatic's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    If we had Universal Healthcare this drug would not have been developed

    Very possible.
    Thanks from Southern Dad

  10. #20
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by labrea View Post
    humans arent just motivated by profit.
    That may be true in theory but try telling your student loan holder that you arent motivated by profit and cant pay back those loans. Sadly many in the sciences are now going 6 figures deep into student debt which does make profit a massive motivator.

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