Something to consider about drug pricing -- when y
Post# of 154630
(Total Views: 638)
Posted On: 05/10/2021 12:48:49 AM
Something to consider about drug pricing -- when you see that a drug costs $xxxx per dose, that doesn't mean it is the WHOLESALE price of the drug. It's the retail price of the drug, which insurance companies do not pay -- it's only the individuals whose insurance doesn't cover it who pay that price. That's why GoodRX and similar companies are advertising like crazy to get you to use their app, to get a non-retail ("retail" meaning full inflated price) cost for the drug.
Also, when you are trying to prove your drug works and should be adopted elsewhere, you would be smart to give a very discounted price so that more hospitals will use it. In the long run, it pays off, when you can say "10,000 people got this drug and XX% recovered, which improved mortality by XX%."
I would be just fine with them charging $100/dose if it meant that they could get thousands of data points. It's nice to get some income now, but it's more important to have proof that it works so that the US FDA has no choice but to approve it.
Also, when you are trying to prove your drug works and should be adopted elsewhere, you would be smart to give a very discounted price so that more hospitals will use it. In the long run, it pays off, when you can say "10,000 people got this drug and XX% recovered, which improved mortality by XX%."
I would be just fine with them charging $100/dose if it meant that they could get thousands of data points. It's nice to get some income now, but it's more important to have proof that it works so that the US FDA has no choice but to approve it.
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