Surely an argument should be made about economies of scale and so costs for a drug currently made as part of a research programme should dramatically fall when mass produced. Or doesn't that work with the drugs industry? I guess patents mean that they can value price due to no competition.
"Economies of scale" don't seem to work in any part of the medical industry. And drug companies are constantly developing new schemes to keep generic prices high (I forget how they work) as well as bogus patents that extend patent protection. Imitrex, a migraine medication, is a prime example of both. Even though it has been available as a generic in the US for six years, the Rite Aid "usual and customary" (whatever that means) price is
still $20 a pill, for a widely-prescribed medication.
The Treximet story is particularly galling. GSK came up with the brilliant and brandy-new idea of having patients treat migraines with both Sumatriptan (Imitrex) and naproxen. (I have been doing this for years, with limited improvement over just Imitrex.) Next they outdid themselves by putting both medications in one pill. I mean, whoever heard of doing that before?
This "new" treatment is so revolutionary and miraculous that the current price of $72
per pill is, of course, actually a bargain! I'd be more than happy to pay a $50 premium per pill in order to take just one pill, as opposed to the burden of swallowing Imitrex and naproxen separately!
Of course, there are always
some people who just don't like drug companies in spite of all they have done for us:
Wikipedia said:
Sumatriptan is also available in the United States as an inexpensive [well, not exactly] generic prescription medicine, while naproxen is also inexpensive and over the counter. Many doctors and pharmacists saw the addition of a simple over the counter pain reliever to sumatriptan, and the subsequent marketing of Treximet as a "new" product, with a price of over $200 for 9 tablets [now $650], as a cynical ploy by GlaxoSmithKline to continue making brand-name profits when its patent for sumatriptan expired.
I find it very hard to think the FDA is "on our side" when they approve these kind of schemes