Drug companies are not nonprofit organizations. They are encouraged by their shareholders to seek a lucrative drug so that they are not only able to stay in business but also to expand their horizons on other drugs as well.
In comes orphan drugs: drugs that are administered to patients with a rare disease such as Gaucher. The government is providing incentives for said drug companies to do research, make, and sell these drugs. 'What kind of incentives?' you may be asking...well a company, say Genzyme, produces a drug, say Cerezyme that treats Gaucher. Well Genzyme not only gets dollar incentives through funding but also protection by the FDA which will not approve a drug with the same active ingredient unless seen as better treatment. Also, there is a 50% tax credit, assistance to help products get approved, and grant money to defray the cost of testing. That's all fine and dandy...good for you, drug company, you are helping those people like Carol Lees who has lived with this disease since she was 19 and had to live a painful life that I would not wish on anyone, not even those who may deserve it. But what really bothers me is how these drug companies take advantage of being the 'hero'. Guess how much it costs for a day to live in Carol Lees' shoes? $1400 a day, which adds up to $7 million dollars so far. Genzyme makes more than 90% profit on the drug, according to the Wall Street Journal. It is just another disappointing factor in our medical system and makes me wonder when we forgot that we are here as one and by inflicting hardship on others, we are indirectly hurting ourselves.
Thursday, November 17, 2005
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1 comment:
Hi there Zanzounito!
Nice blog! (Linked to you thru Fouad's blog)
Can you please send me your email address to ddelirious@gmail.com?
I need to talk to you about something.
Thanx!
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