The Realities of the Prices of the Pharmaceutical
Example of you are gasping for your breath, then you are in the middle of your death. then someone will inject something into you with the medicine and then miraculously you are healthy again.
Are you willing to pay for $300 for that injection alone?
The condition that you are suffering will be connected to an allergy if ever the treatment will be an epinephrine only. And that one will not reach around $300 in total. The reflection will be 6 fold increase compared of that 6 years ago. One of the features of the medication is that they are expensive and sometimes they cost around out of your expected budget. There are questions regarding the increase in the prices of the medication and why does it increase through time.
There a lot of complaints for the increase of the drugs price in the market and had been there for many years being sold in the market.
There are many medications that had come to the market at very high price, in part because this is expensive to be able to identify, develop, and also to test the new drugs. First, there are basic research to be done first. Where are private companies and sometimes federal government who funded the research where in the allot great amount of money for this effort to be successful. Then there is the cost for the clinical trials sometimes there are hundreds of millions of dollars that is being prepared to test one job, with no guarantee that the molecule being tested will work in the end of the research trial. Whenever the trials will go successful, many companies will spend a lot of money and time to be able to jump in around the regulatory, marketing their drugs and to be able to go into production facilities which all adds up. It should not be surprising that the Pharmaceuticals company will be able to charge high prices into their products.
Increase in the prices of the pharmaceutical drugs are often very explanatory because there are several subjects who had already taken the products for under investigation. The pharmaceutical prices varies between high and low and those low prices of medications haven’t undergone any clinical trial along the way.
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