Pharmaceutical Pricing Lacks Transparency
Tuesday, December 9, 2014 - 15:10
in Mathematics & Economics
How do drug prices get picked? Some of it is simple economics. If you develop 20 drugs and 19 of them fail at various stages and one succeeds after a billion dollars in costs and bureaucracy, you are going to price it to make back all that lost money before generic companies are allowed to come along and sell your product without doing any work at all. read more