Ice Burn: Big Pharma told that they have to slash prices by order - Polidicks

Sauce: [url]http://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/pharmaceutical-companies-like-ranbaxy-laboratories-sanofi-india-and-others-fume-at-price-control-order/articleshow/38402600.cms[/url] [quote]MUMBAI: The drug price regulator's move to control the prices of more commonly used diabetes and heart disease medicines has made pharmaceutical companies furious, as they fear it would wipe out their margins just when they seemed to recover from the previous government's decision to slash the prices of more than 300 drugs. On Friday, the National Pharmaceutical Pricing Authority (NPPA) slashed the prices of 108 brands under a provision of the Drug Pricing Control Order that allows slashed the prices of 108 brands under a provision of the Drug Pricing Control Order that allows the government to fix the maximum retail price of any drug under extraordinary circumstances. The NPPA has identified more drugs used in the treatment of cancer, HIV and AIDS, TB, malaria, cardiovascular diseases, diabetics and asthma as well as vaccines for possible price controls. [/quote] But muh profits

Suck it, assholes!

[QUOTE]The NPPA has identified more drugs used in the treatment of cancer, HIV and AIDS, TB, malaria, cardiovascular diseases, diabetics and asthma as well as vaccines for possible price controls.[/QUOTE] Good going, India!

Capitalism is one of the things the medical industry can do without with regards to the profit margin. We're at least rid of one monkey off our back, but I hope nobody's going to try challenging this decision.

I'm all for making a profit, and I understand this costs a LOT of money, but when you're providing fucking medication my concern for your financial wellbeing only go sofar as that you need to be able to sustain yourself and keep up research/production. Any more than that is literally putting profits over people's health and can go fuck itself.

The problem is that if you allow a company or a corporation to choose profit over well-being of people they will choose profit every time. That's the name of the game. They should just pass a law so they cant add any more than say 20% mark-up on any products in medical industry, that way they can make some sort of profit, but can't outright fuck people over.

Fucking finally some govt decisions that aid the people and not corporations.

Too bad this will never be seen in the place that needs it most, 'America the land where you are told to literally mortgage your house to buy life saving medicine that costs 10 bucks in india

[QUOTE=Sableye;45395989]Too bad this will never be seen in the place that needs it most, 'America the land where you are told to literally mortgage your house to buy life saving medicine that costs 10 bucks in india[/QUOTE] Brace for the next wave of spam. Never mind boner pills, never mind work-from-home scams, never mind Canadian pharmacies, or bank transfers that need your authorization before they are able to complete. Subject: Ind!an phrmaceut!cals for ssale@!. W0W d!r3ct to yyuor fa$t

but what about the [I]rights[/I] of an american entrepeneur to buy out a research labs results and sell them for 100x their production cost? those poor fucking millionaires are being attacked by the government

[QUOTE=elixwhitetail;45399401]Brace for the next wave of spam. Never mind boner pills, never mind work-from-home scams, never mind Canadian pharmacies, or bank transfers that need your authorization before they are able to complete. Subject: Ind!an phrmaceut!cals for ssale@!. W0W d!r3ct to yyuor fa$t[/QUOTE] They already do this :v:

Can we do this with ISPs pls

[QUOTE=Sableye;45395989]Too bad this will never be seen in the place that needs it most, 'America the land where you are told to literally mortgage your house to buy life saving medicine that costs 10 bucks in india[/QUOTE] How is there not a massive, booming black market of people smuggling cheap prescription drugs into the US from third world countries where a full course of treatment only costs a few hundred bucks?

[QUOTE=Used Car Salesman;45399741]How is there not a massive, booming black market of people smuggling cheap prescription drugs into the US from third world countries where a full course of treatment only costs a few hundred bucks?[/QUOTE] Because most people here aren't smart enough to figure out such obvious loopholes, not to mention it isn't easy lifting supplies for resale.

[QUOTE=Used Car Salesman;45399741]How is there not a massive, booming black market of people smuggling cheap prescription drugs into the US from third world countries where a full course of treatment only costs a few hundred bucks?[/QUOTE] brb establishing cartel

[QUOTE=Used Car Salesman;45399741]How is there not a massive, booming black market of people smuggling cheap prescription drugs into the US from third world countries where a full course of treatment only costs a few hundred bucks?[/QUOTE] It already happens with some drugs Its just a pain in the ass to smuggle and most people dont trust a random shady guy with life saving medicine

[QUOTE=innerfire34;45399652]but what about the [I]rights[/I] of an american entrepeneur to buy out a research labs results and sell them for 100x their production cost? those poor fucking millionaires are being attacked by the government[/QUOTE] gubament afta ma moneys, bitches be trippp'in [editline]15th July 2014[/editline] [QUOTE=Used Car Salesman;45399741]How is there not a massive, booming black market of people smuggling cheap prescription drugs into the US from third world countries where a full course of treatment only costs a few hundred bucks?[/QUOTE] there is, the mexican cartels do it over the internet using money orders, someone i knew was buying his prescription from some shady service and we were getting very strange phone calls for a while