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This has nothing to do with Trump or the tax plan.
This behavior is precisely why I'm against "government regulation" of health care. The left see "government regulation" as a kind benevolent uncle who ensures no one will take advantage of us. The reality however is the "government regulation" is nothing more than crony capitalism.
Pfizer charges $20 a pill to customers in the United States, while charging $0.25 to customers in other countries. You know why they can get away with that? Because big pharma has spent billions lobbying congress to make it a felony for us to buy our meds from outside the country at huge discounts.
Big Pharma needs a kick in the crotch. They spend more than any other industry on lobbying. More than big oil, more than green energy, more than banking, more the the military industrial complex, more than insurance. They spend far more money on marketing than they do on R & D. In fact, less than 1% of all their R & D goes toward any new, potentially life saving drugs. What the bulk of their R & D goes toward is small tweeks to existing patents that are set to expire. This ensures generics can't get into the marketplace and drive down costs.
Negotiating down the price of meds is one area that I can think of no one better than Donald Trump to tackle. Love him or hate him, he's a master negotiator and he would get a much better deal for the people.
Hmmm, that's very interesting. So you are against "government regulation" but want the government to make sure Pharma changes its pricing. Lol.
Btw, government does need to step in and at least give direct negotiation power to Medicare. After all, most of the high risk drug research is done on NIH funding (which is taxpayers' money) by the universities.
And, yes, pharma spends way more on marketing than R&D.
Risk capital comes from the share and bond holders. Just like you and I are responsible for paying those to whom we are indebted, so too are corporations. Common sense.
Companies are not run for the benefit of their employees. Hard as it is to accept, for some, employees are an expense. Like you, me and every other person out there; keep your expenses in line, or be poor.
Quote:
Originally Posted by Enigma777
That's exactly what Dems said would happen if Corporations got more money. It will go to the shareholders. Not to workers. The corporations said as much. So let's quit the jobs creators, trickle down, corporate cuts mean higher wages mythology.
Pfizer is more worried about ways they can artificially pump up their stock with their tax savings rather than to bolster their R&D and create jobs.
Where's the 'winning'?
So basically the OP is totally misrepresenting this in relating the reduction in employment to the tax cuts, and the making it about the rich wanting to pump up stock profits.
The truth is, none of their proposed drugs were working and they scrapped the project and eliminated the positions involved in that project. They tried for a while, and couldn't figure it out. It happens. But don't lie and say it's about the tax bill...
"As a result of a recent comprehensive review, we have made the decision to end our neuroscience discovery and early development efforts and re-allocate [spending] to those areas where we have strong scientific leadership and that will allow us to provide the greatest impact for patients," Pfizer said in a statement emailed to NPR.
...
"In 2012, Pfizer and partner Johnson & Johnson (JNJ.N) called off additional work on the drug bapineuzumab after it failed to help patients with mild to moderate Alzheimer's in its second round of clinical trials."
Another potential treatment for neurodegenerative disorders — this one developed by Axovant, another pharmaceutical company — also found itself recently abandoned. The company dropped its experimental drug intepirdine after it failed to improve motor function in patients with a certain form of dementia — just three months after it also failed to show positive effects in Alzheimer's patients.
Negotiating down the price of meds is one area that I can think of no one better than Donald Trump to tackle. Love him or hate him, he's a master negotiator and he would get a much better deal for the people.
Is there any indication that doing this is anywhere on Trump's agenda? I don't remember hearing much if anything from him on this.
So basically the OP is totally misrepresenting this in relating the reduction in employment to the tax cuts, and the making it about the rich wanting to pump up stock profits.
The truth is, none of their proposed drugs were working and they scrapped the project and eliminated the positions involved in that project. They tried for a while, and couldn't figure it out. It happens. But don't lie and say it's about the tax bill...
"As a result of a recent comprehensive review, we have made the decision to end our neuroscience discovery and early development efforts and re-allocate [spending] to those areas where we have strong scientific leadership and that will allow us to provide the greatest impact for patients," Pfizer said in a statement emailed to NPR.
...
"In 2012, Pfizer and partner Johnson & Johnson (JNJ.N) called off additional work on the drug bapineuzumab after it failed to help patients with mild to moderate Alzheimer's in its second round of clinical trials."
Another potential treatment for neurodegenerative disorders — this one developed by Axovant, another pharmaceutical company — also found itself recently abandoned. The company dropped its experimental drug intepirdine after it failed to improve motor function in patients with a certain form of dementia — just three months after it also failed to show positive effects in Alzheimer's patients.
Nah..people want to blame it on laws passed that won't have any actual effect until taxes are filed NEXT YEAR.
The company has spent billions over the last decade trying to find the miracle drug.
The best they were able to come up with is something that only postpones the onset for at best 6 months.
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