r/SipsTea 11h ago

Chugging tea Capitalism Needs Chill

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u/bshjbdkkdnd 11h 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/

u/Damage_Physical 11h ago

Neighbour article there https://efpia.eu/publications/data-center/the-pharma-industry-in-figures-economy/geographical-breakdown-of-sales-of-new-medicines/

Us spends about half on research and accounts for 70% of consumption.

u/Tricky_Big_8774 11h ago

That's only drugs developed in the past 5 years.

u/haroldflower27 10h ago

Stupid argument

u/PrinzRagoczy 7h ago

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

u/haroldflower27 7h ago

Germany literally was warned recently by the us to maybe stop making medicine affordable wdym