Well I was doing some research on new drugs for HIV/AIDS patients and to my surprise I seem to have found more articles and information on how drug companies seem to be over charging for drugs than information on the drugs themselves. 
These companies such as Merck Pharmaceuticals are charging crazy amounts for their HIV/AIDS drugs basically due to the fact they can, until generics are able to enter that realm. For those of you that don't know all drug companies patent their drugs and this patent pretty much makes a monopoly for the specific drug they made. Drug patents can last up to 20 years and makes it so that no other company can manufacture that specific drug during that time. This is how drug companies can charge just about anything due to the fact that there is no competition to sell that particular product for less.
Anyway Merck is selling its drug Isentress (a anti-retroviral treatment for AIDS) for about $12,870 per year. Now I don't know about you but there really are'nt too many people that I know of that can afford to fork up over $1100.00 a month! as part of their monthly supplement regime. But being the nature of the beast most people put in the position of being HIV/AIDs positive have no other choice but to fork up the money to keep them alive.
DID YOU KNOW?
In Africa, the continent the worst-hit by the global AIDS pandemic, Isentress costs about $1,200 US dollars per patient, per year which is over 20 times more than any other AIDS drug.
Nice pictures to enhance your discussion, Devin. However, where is your general blog and the Add on for last week. This blog was due by Wed, not Sun. Students are to comment on each other's blog on Thurs and Friday and a new Blob week starts every Sat. When you are late with your blog, students and our HIV positive bloggers can't comment.
ReplyDeleteMost drug companies charge way more for the drugs than they are worth. When AZT first hit the market place it was an anti cancer drug that didn't work for Burroughs-Wellcome. They put the drug on the shelf. Then the government asked all pharmaceutical companies to look at their shelf drugs against HIV. AZT worked. So a drug that was developed in 1960s dollars was sold to HIV positive people in 1980s dollars. The company charged over $10,000 per year for the drug and made a killing on it. The actual making of each pill is about 50 cents. For instance, Claritin 10 mg is $215.17 but costs 71 cents to make. A mark up of 30306%.
I know it cost to research drugs. But many of the basic HIV drugs have been around for many, many years and the newer drugs are off shoots from the original. Shouldn't cost that much to enhance an old drug.
I expect to see your blogs posted by Wed of each week Devin as you lose points for being late.
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ReplyDelete