Comment on The Ignorance of the Left on Price Control | Thomas Sowell
jimbolauski@lemm.ee 2 months agoHow much drug research comes from Canada?
Comment on The Ignorance of the Left on Price Control | Thomas Sowell
jimbolauski@lemm.ee 2 months agoHow much drug research comes from Canada?
MapleEngineer@lemmy.world 2 months ago
$16 billion per year.
That’s not the point, though, of course. The point is that US pharmaceutical companies sell their drugs into Canada at 1/4 to 1/10 the price because they still make profit and having $100 in your pocket instead of $1,000 is better than having $0 in your pocket.
jimbolauski@lemm.ee 2 months ago
It is the point, Canada can rely on the US to subsidize R&D costs. The cost to manufacture does not cover all costs of a drug, or the costs of drugs which were ineffective.
MapleEngineer@lemmy.world 2 months ago
I’m not sure that you said what you intended to say. Do you want to revisit it before I respond?
jimbolauski@lemm.ee 2 months ago
The only thing I could clarify further is that the cost to research drugs later found to be ineffective has to made up in the costs of drugs that do get approved.