Technology

60080 readers

3354 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago

MODERATORS

[email protected]

2136

Pfizer says it will price Covid treatment Paxlovid at nearly $1,400 for a five-day course, which researchers estimate only costs Pfizer $13 to produce. That's a 10,000%+ markup. Shameful. (mastodon.world)

submitted 1 year ago by [email protected] to c/[email protected]

292 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (2 children)

Even if R&D cost $100m for this, they'd still only need to sell roughly 80000 doses to make their money back.

[–] [email protected] 2 points 1 year ago

I think you're grossly underestimating how much things cost.

[–] [email protected] -1 points 1 year ago* (last edited 1 year ago) (1 children)

1400 * 8000 = 11.200.00, so you're off by a factor of 10

Edit: Lol, downvoted for a fact

[–] [email protected] 5 points 1 year ago (1 children)

Haha, you got in there before I corrected my typo. The point still stands though! There's a whole lot of people in the world, 80k doses is fuck all.

[–] [email protected] 0 points 1 year ago* (last edited 1 year ago)

Average drug research costs are estimated at between 1-3 billion USD. That's the average, so some are much more.

And I'd like to know if this stated price is the sticker price. Insurance companies negotiate much less than sticker price, I live in a country with a government drug department that negotiates much lower prices by doing a single contract for the whole country.

Is this that stupid thing where the sticker price is high but no one actually pays that, it's just to make insurance companies feel like they are negotiating good deals?