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In reply to the discussion: Goldman Sachs asks in biotech research report: 'Is curing patients a sustainable business model?' [View all]patphil
(9,300 posts)21. Is curing patients a sustainable business model?
I worked for a Pharmaceutical company for 36 years, and I will always remember what one of the company VP's said to us at a Quality Control/Quality Assurance meeting.
He said that the company was more interested in a medicine that provide the patient with an acceptable quality of life, and not necessarily a cure.
He said that if you cure/heal a patient, you lose a customer.
Imagine if, for instance, you could take a tablet for a month and be cured, as opposed to taking a similar medication for life to control the symptoms. It's the difference between perhaps 50-100 dollars as opposed to thousands of dollars.
This is their philosophy. Greed Over People.
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Goldman Sachs asks in biotech research report: 'Is curing patients a sustainable business model?' [View all]
CousinIT
Dec 2024
OP
Time for a brand new economic model that doesn't include obscene profits.
Clouds Passing
Dec 2024
#1
In Economics, this is called the "Rentier" model. A type of Feudalism, actually. People "rent/subscribe" from "Owners"
SharonAnn
Dec 2024
#11
Nestle is finding ways to establish ownership of the water the world drinks so maybe your
in2herbs
Dec 2024
#9
Not this video in particular but I have been following Nestle's world wide efforts to buy water
in2herbs
Dec 2024
#32
Case in point: The March of Dimes in the late '50s and early '60s. It was
dobleremolque
Dec 2024
#26
What else does record breaking profits and the fact that over half the nation is some prescription. or right now ...
marble falls
Dec 2024
#31
I can allow that thought in the face of any numbers of calls for the mass execution of Democrats and ...
marble falls
Dec 2024
#40