any molecule that they produce effectively earns them revenue in perpetuity, even after patents expire and generics flood the market. This is because firms like Bayer have a brand name, and there are many patients who will buy more expensive branded drugs against cheaper generics. So the argument that generics damage pharma profits is complete crap. This has been shown by decades of growing revenue numbers for big pharma.
Sir, We need to study for 4 years bleachers degree requiring 50% passing in each subject, after that 2 month Industrial training for getting degree.. After this we have to clear GATE for M. Pharma, 2 years in post graduate, where 1 year completely in research.. We need to publish our work in Journals.. After that 3.5 years in PhD... thats a lost of time... and study is not cheap... Maintaining a pharma manufacturing facility in not like a Dhaba... If you ask me about injectable area, then its class 100 area where 1 cubic meter volume of air has 100 partials (invisible to eyes)... such a high standard has be maintained.. and mind you, its very expensive... Finished product and raw material HPLC testing machine cost ranges between 30 lacks to 5 crores.. and chemicals and solvents cost is extreamly high... You know we use water for HPLC has cost Rs 1000 per liter (approx) and others solvents are near to 9k per liter... which are used in high amount.. calculate if mfg requires 100 rupees then testing requires roughly the same amount... not to mention, operators, officers, chemist and other things.. and am talking about manufacturing only.. not mentioned about the RND and their scientist....
A lot of standard pharma (and movie & music) industry propaganda - but ultimately filled with BS.
With all due respect, can you extend the umbrella to the software sector as well, who charge heftily for software.. Coz we have to use genuine ones and its one of our heavy investment... The ultimate cost of software mfg is Rs 10 (for a CD)....
Bayer currently has thousands of drugs in the market - any molecule that they produce effectively earns them revenue in perpetuity, even after patents expire and generics flood the market. This is because firms like Bayer have a brand name, and there are many patients who will buy more expensive branded drugs against cheaper generics. So the argument that generics damage pharma profits is complete crap. This has been shown by decades of growing revenue numbers for big pharma.
If you consider the market trend, more the suppliers (generic) less will be cost of goods.. Cost errosion is so high that innovator hardly gets any market share once more than two generics comes in the market...So your point of having many products in the market is absurd... One may have many products, but how much revenue generate after years is questionable.. Bayer was the innovator fofr Paracetamol.. They are still selling it. what is the revenue they generate?? very less... yet they continue for the public service, and not for profit... and with good strategies business will grow fore over... If you had been through fortune 500 list, there are
Similarly, the argument that compulsory licensing and similar patient-friendly acts will "limit innovation" is another lie - most of the high drug prices go towards paying the high salaries of the big pharma management (Mr Marjin Dekkers earned 6 Million Euros in salary in 2012). Their ongoing revenue is more than enough to support R&D costs - the $60K range prices are only meant to provide what we managers called supernormal profits for the shareholders. And if the threat of limiting innovation was true, these companies would have stopped selling drugs in India decades ago - I haven't seen that happening. Have you?
So you mean, that those who have done hard work, should not be paid enough after all those hardship?? Mr. Marjin Dekkers is the chairman of board of directors. What about those who are down the line???
Well, I will not support the comments made by Bayer's Chairman about SORAFENIB TOSYLATE (Nexavar)... About you saying about their RND investment, let me tell you, they put 10% of their revenue in RND.. and thats a big chunk of money.. rest, I let you to to decide....
For years, big pharma has also been trying to take advantage of the weaknesses in the patent regime to earn supernormal profits. They would try to get patents for methods or ideas instead of actual molecules, sneak in new patents for virtually identical molecules to extend patent coverage without doing new research, etc. Pharmas have also colluded to deliberately limit supply of raw materials to prevent the manufacture of out-of-patent generics. The Indian government - otherwise supremely incompetent - have been very proactive in this regard, and have successfully resisted selling out to the big businesses in the area of intellectual property (unlike US & EU). For this, I and the many poor people of India are truly grateful.
Oh, these poor of my India, who have cellphones and wines and cigarettes... I rather support Narendra Modi's idea of India with able hands (and not being a beggar).. About bolded part, hands down, you are out of your mind....
Most of the rest of your comment is useless filler - medical costs in India (even including doctors’ fees and the overcharging Apollo’s and Fortis') are among the lowest in the world, not the least because drug costs are low. This is in stark contrast to the western markets - the US has so many issues with Medicare and Health Insurance costs because of their absurdly high product prices. For example, recently a hospital in North Carolina charged a patient
$89,000 for $750 snakebite anti-venom.
SnakeBite Causes $89,000 Hospital Bill for North Carolina Couple | TIME.com
Off course many of drugs are charged exorbitantly and they have reasons we feel... You are free to feel otherwise
And about Indian healthcare, no NCE (New chemical entity) has been there since last 90 years of Indian Pharma world nothing else... We just steal innovations of others...
And the most important fact remains is that when you work in medicines and pharmaceuticals, if you look at your drugs only as an avenue to earn money and build your next bungalow, then you will be considered by everyone as a insub-human greedy b--tard. In this field, you have a responsibility yo care about human life and well-being and this is what Mr Dekker and you don't seem to understand. You don't care if patients with cancer, aids or other life threatening illnesses live or die, if their families go bankrupt trying to save their lives, you only care if your bank accounts are adequately padded or not. You are cribbing so much because the Indian government won't allow you to do that.
So excuse me if I don't sympathise and also if I make sure to avoid all drugs made by Mylan Labs going forward.
Cheers.
Your comments are very outrageous against me and my profession... You are not aware that we continuously work for next generation medicine which requires a lot of funding.. where this fund will come from???
And let me tell you one thing, mylan is Generic organization and not branded... Each Pharma orgs distribute medicines to under previllaged ones... No need to take cheap shots to my current employers... You dont know the hardship of a chemist...
and my post is not filler.. am the person from the faculty.. if not interested in my post, dont waste your and mine time..
regards
Shrikant sir, doctors have to study for 5 and half years just to graduate, then 3 years PG after that we charge 300 inr for a diagnosis and after those 9 years without earning much, you are saying that diagnosis should be free cause the medications cost less than that, then i don't know what i should say.
Can you give us a model where will can charge less and still maintain our private practise, paying all our employees salary (General Duty Assistants, Nurses, watchmen. etc), the rents and the taxes.
I don't think anywhere in the world the gov. specifies how much the physician should charge for their service. And yes MCI do have a guideline that we have to follow.
Code of Medical Ethics Regulations, 2002
We have to study for 4 years for bachlers, 2 years for postgraduate and 3.5 yers for doctorate ...
About investment, its huge....
