It can be a fair proposition to ask a fully developed nation to invest more into pharmaceutical research.
Making the drugs once they are tested is the cheap part. Ensuring the drugs do what they are supposed to and don’t cause long term effects is extremely expensive.
The US spends about half of global spending on drug research, out spending all of Europe per
Not really, like any product it takes time for a new drug to achieve market penetration. In this case it's doctors knowing about it and being comfortable enough with its effects to prescribe it in various cases
If a drug has been around for longer in the US it stands to reason that usage will still be ahead there for a while
Further, just because something is on the world market doesn't mean all countries buy it immediately. Take the NHS for example, there are months of internal discussions about whether a new drug is worth it, followed by months or years of negotiations with the company for a deal
Consuming new medications doesn’t negatively impact research spending though.
Yeah they come to the US first, why, because the US pays the most for per medication, or the US has better healthcare than Reddit would lead you to believe.
Although most of that goes into the companies pocket it does lead to an incentive of innovation to continue funneling money into the pharmaceutical research.
If Germany is pulling back on research spending and cutting deals with pharmaceutical companies that limits further research the US does have a dog in the fight to not be thrilled about it.
Yup because the margin is so disproportionately large on US drug prices. Interesting to see you quote that number because quite a few years back I was in big pharma (GlaxoSmithKline at the time) and back then GSK's annual income split btw the US and every other country was almost exactly 50%.... I guess nothing has changed.
That's mostly because of the toxic "food" people consume here while living sedentary lives and getting lead poisoning from the crumbling infrastructure
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u/bshjbdkkdnd 4h ago
It can be a fair proposition to ask a fully developed nation to invest more into pharmaceutical research.
Making the drugs once they are tested is the cheap part. Ensuring the drugs do what they are supposed to and don’t cause long term effects is extremely expensive.
The US spends about half of global spending on drug research, out spending all of Europe per
https://efpia.eu/publications/data-center/the-pharma-industry-in-figures-rd/pharmaceutical-rd-expenditure-in-europe-usa-china-and-japan/