"NextSource CEO Robert [said] the company sets its prices based on the costs it incurred in developing the medication ..." It's a 40-year old drug you bought from another company. WHAT DEVELOPMENT COSTS are you recouping?? https://www.cbsnews.com/news/cancer-drug-lomustine-price-hiked-1400-percent-by-new-owners/ …
-
-
Economics state a product's value is what a willing buyer will pay for it. This works for cars, computers, clothes, vacations and all the other mundane stuff of consumerism.
Show this thread -
But when your product is literally someone's life (or the life of a loved one), the market price is "all you've got."
Show this thread -
"Your kid has cancer? Tough break. If you can scrape up a couple hundred thousand, let me know."
Show this thread -
Absent regulation, these sorts of miracle drugs and therapies can be priced to the point only the wealthy can afford them.
Show this thread -
Only a society which equates wealth with virtue would find it moral to let the market decide life & death. "Your kid got cancer? Bet you wish you'd gone into investment banking rather than teaching!"
Show this thread -
This may be the fundamental moral question of our time. Do we still believe all humans have intrinsic worth independent of their economic value? Or are humans only valuable to the extent they can contribute through work and consumption?
Show this thread
End of conversation
New conversation -
-
-
Also, NextSource has no R+D expenses, just marketing and sales expenses
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.