The dead will be many from @SenSanders @AOC’s virtue signalling on drug price controls (effects of 22% manufacturing price cut)

16 Feb 2019 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, health economics, politics - USA Tags: , ,

From https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3804349/

High prices for the newer, safer Insulin Drives Diabetics to Take Extreme Measures

11 Jan 2019 Leave a comment

by Jim Rose in economics of regulation, health economics, law and economics, politics - USA, property rights Tags: , , ,

Drug lags and Medicare

13 Dec 2018 Leave a comment

Image by Jim Rose

Why a terrorist lived three years longer than the NHS expected @cjsnowden @_JamieWhyte

09 Dec 2018 Leave a comment

by Jim Rose in economics of crime, health economics, law and economics Tags: , , , ,

Why did @medsafe duplicate overseas drug testing? The dead are many from drug lags.

08 Nov 2018 Leave a comment

by Jim Rose in economics of regulation, health economics, politics - New Zealand Tags:

Milton Friedman: The Food and Drug Administration and Self Interest

28 Sep 2018 Leave a comment

by Jim Rose in applied price theory, economics of bureaucracy, economics of regulation, health economics, Milton Friedman, politics - USA, Public Choice Tags:

The Most Dangerous Monopoly: When Caution Kills

13 Mar 2018 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, economics of information, economics of regulation, environmental economics, health economics Tags: , , ,

The Most Dangerous Monopoly: When Caution Kills

25 Feb 2018 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, comparative institutional analysis, economic history, economics of information, economics of regulation, health economics, law and economics Tags:

More on the  dead hand of the FDA

19 Mar 2017 Leave a comment

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35% of drug development costs are for safety testing, 65% are for efficacy testing

02 Feb 2017 Leave a comment

by Jim Rose in applied price theory, economic history, economics of regulation, health economics Tags: ,

image

.

Another reason to abolish #medsafe duplication @PeterDunneMP  

27 Dec 2016 Leave a comment

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The reasons why drugs are expensive

02 Aug 2016 Leave a comment

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Terminally Ill Patients and the Right to Try

29 Jun 2016 Leave a comment

by Jim Rose in economics, health economics Tags: , ,

Cost to Develop and Win Marketing Approval for a New Drug Is $2.6 Billion

03 May 2016 Leave a comment

by Jim Rose in economics of media and culture, health economics Tags:

The $2,558 million figure per approved compound is based on estimated:

  • Average out-of-pocket cost of $1,395 million
  • Time costs (expected returns that investors forego while a drug is in development) of $1,163 million

Estimated average cost of post-approval R&D—studies to test new indications, new formulations, new dosage strengths and regimens, and to monitor safety and long-term side effects in patients required by the U.S. Food and Drug Administration as a condition of approval—of $312 million boosts the full product lifecycle cost per approved drug to $2,870 million. All figures are expressed in 2013 dollars.

Source: PR Tufts CSDD 2014 Cost Study | Tufts Center for the Study of Drug Development

 

@mattyglesias on why greedy drug companies are heroes

20 Mar 2016 Leave a comment

by Jim Rose in economics of regulation, health economics, law and economics, politics - New Zealand, politics - USA, property rights Tags: , , , , ,

image

Source: Getting Generic Drugs Approved For Use | ThinkProgress.

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