Is it right that less-developed economies are deprived access to technological advances?

Innovations created in developed economies do not deprive less-developed economies of anything. More to the point, less-developed economies eventually get access to these innovations, and get them at prices that are cheaper than the prevailing prices in developed economies. Drugs are a good example of this dynamic. Many of us consider new drug prices to Read More …

Anti-socialist President proposes outsourcing drug pricing to socialist death panels

On October 10th, President Trump issued a ringing denunciation (which he totally wrote himself) of socialism in general and socialized health care in particular: “Virtually everywhere it has been tried, socialism has brought suffering, misery and decay.” Socialism’s latest threat? To destroy socialized medicine for seniors in the US. If given the chance, socialists will “…give Read More …

Is Big Pharma scamming us?

Published on Forbes and Apple News There’s little question that we have been suckered into taking far more medicine than we actually require. But let’s face it – we want to be suckered. We ask for it, we demand it, and we get it. Pharma companies are enablers, but they are not all-powerful overlords forcing us to Read More …

Why yes, pharmas do have an obligation to develop treatments for diseases of poverty

It is a generally accepted precept that corporations are obligated to maximize shareholder returns. Resources thus should be directed only to efforts that have the highest expected return. Diseases of poverty, like TB and malaria, by definition afflict those least able to pay, and thus are least likely to generate satisfactory returns on investment for pharmas. Read More …

Do Right to Try Laws allow reimbursement for experimental therapies?

The federal RTT legislation, which you can read here, makes no reference to payments of any kind, except to state that a referring physician can not be compensated directly by the drug manufacturer. Indirect is just fine. I wonder if drug companies could possibly figure out ways to pay doctors indirectly? [1] Payments are not forbidden, Read More …

Right to Rob – the race begins

I recently wrote that the Right-to-Try legislation would inevitably become Right-to-Rob. Although Merck and other pharma incumbents (weakly) opposed the law, it wouldn’t be long until small cash-strapped companies began exploiting it to improve their finances. That day has arrived. Bloomberg reports that BrainStorm Cell Therapeutics will begin selling its investigational ALS treatment to patients. Read More …