[OC] Visualising Pfizer's latest income statement. Pharmaceutical profit margins are notoriously higher than most other industriesQuizardNr7 t1_j00ormx wrote
Reply to comment by kirlandwater in [OC] Visualising Pfizer's latest income statement. Pharmaceutical profit margins are notoriously higher than most other industries by giteam
Side effect I would say. In a completely free market the price of life saving insulin is just very high. And regulation seems to prevent effective cost competition. Newly developed drugs might see less investment if the US market weren't so juicy, I would give you that.
kirlandwater t1_j00p1jn wrote
> in a completely free market the price of life saving insulin is just very high
But that’s not entirely true. Yes it’s needed to live, but so is water. And water isn’t exorbitantly expensive. Insulin is VERY cheap to make and because lawmakers aren’t willing to combat evergreen-ing patents, competition simply all but isn’t allowed. If they’d allow generics to come to market, the price would plummet.
In a completely free market we’d have a race to the bottom.
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