Bayer CEO: "We did not make this medicine for Indians…we made it for Westerners who can afford it"

[Julius Skrrvin]

Higher quality version:

 

[Julius Skrrvin]

can u do it with the cocky lean in the seat and his arm pirched?

will 3rd world countries ever get this medicine?

 

[Type Username Here]

"Don't worry everyone, it will trickle down"

 

[Type Username Here]

"We can offer you payment for your labor in the form of store coupons and cat food"

 

[Type Username Here]

" I like economic systems based on primitive animal social orders"

 

[rantanamo]

So drug companies should just create novel drugs and hand them out for free like candy?

I think the companies should aim to reduce prices in India to increase distribution but drug companies have to make money too or else they'll cease to exist.

In some cases yes. Especially when they could actually stop certain diseases from spreading. They control many patents that come from the research of others, and have fought generics they didn't even invent that could have cured or eliminated many diseases. If they didn't exist in their current capacity, hell, we as a country(US) would be a lot healthier.

 

[cheek100]

my man

 

[ltheghost]

Smiley potential....lol but what a piece of shyt.

 

[godkiller]

In some cases yes. Especially when they could actually stop certain diseases from spreading. They control many patents that come from the research of others, and have fought generics they didn't even invent that could have cured or eliminated many diseases. If they didn't exist in their current capacity, hell, we as a country(US) would be a lot healthier.

Everything has a price and nobody works for free. Gross profits driven drug innovation and without those profits, drug companies wouldn't create new drugs.

 

[bewitched]

How he can sleep at night is beyond me.

 

[Field Marshall Bradley]

They didn't sell their formulas. Indians bought the real product and reverse engineered it. They basically stole the drug from Bayer.

Sounds like the definition of free market competition to me.....

to them New Delhi nikkas

 

[Field Marshall Bradley]

will 3rd world countries ever get this medicine?

Absolutely stunning

 

[Black smoke and cac jokes]

And this is shocking to you people? Corporations, not individuals dictate the outcome of life and death. This is the world we live in folks, Stalin would be proud.

Actually no, this is the COUNTRY we live in.

Serious question as I can see both sides of the debate. On one side, you have a big business that invested billions into finding a cure. On the other side are the people that need the treatment but can't afford it due to astronomical pricing.

The cost of manufacturing this drug is very small. The cost of developing it is huge - in the billions. In order for this company to recoup their initial investment, they have to set a high price. India undercuts the price by a lot and kills Bayers revenue. If India replicates all American drugs, what incentive do American companies have to develop cures and solutions for diseases?

If American bio companies lose money creating new drugs, why create them?

The companies have 20 years to recoup, it's not like they're in dire need of quick profits to get away from the competition.

Although, I agree that the problem isn't solely the companies' since government allows these high artificial prices due to guaranteed payments aka insurance coverage. But in a market like India? How can anyone justify regional manufacturing but then strictly selling the product overseas.

 

[Blackking]

RIGHT when I was thinking about taking CAC out of my vocabulary.

This shyt is just wayy too much.

 

[Matt504]

RIGHT when I was thinking about taking CAC out of my vocabulary.

This shyt is just wayy too much.