Pharmaceutical companies complain not enough money in developing new antibiotics

Sunday, July 6, 2014

Good morning again:

Reuters has an interesting story regarding an area in which predatory greed-driven capitalism fails miserably.

The article is titled, How to fix a broken market in antibiotics.

Many strains of bacteria, such the ones that cause tuberculosis and gonorrhoea have evolved and the antibiotics that used to kill them no longer work.

In fact, most of our antibiotics do not work anymore and new ones are desperately needed.

However, large pharmaceutical companies stopped making antibiotics years ago because there was not enough money selling them. Antibiotics require minimal use to remain effective and must be sold at lower prices that people can afford.

Compared to the return on biologics that can be sold for hundreds of dollars per pill, there is not enough money in developing new antibiotics to fight the superbugs.

Yet, they are desperately needed.

The article explores possible solutions, including government subsidies to sweeten the pot.

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4 Responses to Pharmaceutical companies complain not enough money in developing new antibiotics

  1. crazy1946 says:

    Professor, Unfortunately it is not just anti-biotic meds that they are raping the general public on. Even allergy meds such as Allegra, went straight from being a non generic available drug at about $70.00 a month to an over the counter pill at about $25.00. They bypassed the taking it to over the counter rather than allowing it to be sold for a price that is affordable..

  2. OT – interesting speech at Kelly Corner last night, 7-5-2014, on the third anniversary of Kelly Thomas’s death by his father Ron Thomas. Ron’s civil suit hearings will begin in December. Kelly’s mom already won her civil suit.

  3. Malisha says:

    Obviously the Public Health Service can get into the development of drugs by using the research facilities of the National Institutes of Health and conducting its R&D and its studies in the public sector.

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