Please Scroll Down to See Forums Below Bad news in this AM's WSJ. Pfizer was awarded a patent on the way Viagra works and has sued LIlly & Icos who are developing Cialis and Bayer and Glaxco who are developing Levitra , asking that they not be allowed to sell these products as they violate the Viagra patent. Both companies say they will fight.
Law Suit on Cialis
- Thread starter red505
- Start date
Yes, but they only sell it at high prices becuase people pay for it. When cars were not selling they had to do 0% financing otherwise people would not buy them. That is a great thing about our market. If a cell phone was a $1k, not many would buy them or the service so they drive it down.
The drugs are a different story that most people don't understand. They file patents on the drugs when they get to Phase II or Phase III clinical trials. They have 17 years I think on the patent and it will usually take another 4-8 years to get FDA approval. Some drugs fail at the latest stages and are doomed and those are extra costs that other drugs must carry.
If there is no reward for the drug companies, there would be no new drugs. If you think it is overpriced, just don't buy it.
The drugs are a different story that most people don't understand. They file patents on the drugs when they get to Phase II or Phase III clinical trials. They have 17 years I think on the patent and it will usually take another 4-8 years to get FDA approval. Some drugs fail at the latest stages and are doomed and those are extra costs that other drugs must carry.
If there is no reward for the drug companies, there would be no new drugs. If you think it is overpriced, just don't buy it.
Racer-X99 said:
Well put Racer.
A lot of people have a difficult time understanding the power of capitalism. Investors (i.e. Money) follows the greatest return on investment. Without the high prices, and ROI, of a few block-buster drugs, the big pharmaceutical companies would be unable to support their enormous research budgets. Minus these budgets, research stops and nobody benefits from the tremendous suite of drugs set to launch over the next decade.
Stapled to the Floor
New member
the majority of Pharmaceutical companies budgets go to Pharmaceutical sales men and their expense accounts with
physicians... Not R&D as they claim... I know .. I sold them
physicians... Not R&D as they claim... I know .. I sold them
Understanding Capitalism?
I personally don't think capitalism is difficult to grasp at all. However, when "capitalism" interferes with the improvement of pharmaceutical treatment, aka "health care" there is something wrong with the picture. Capitalism is intended to spur technological advancement, and access to health care should be available to everyone. I don't think we can view the health care system as any other industry, IMO.
I personally don't think capitalism is difficult to grasp at all. However, when "capitalism" interferes with the improvement of pharmaceutical treatment, aka "health care" there is something wrong with the picture. Capitalism is intended to spur technological advancement, and access to health care should be available to everyone. I don't think we can view the health care system as any other industry, IMO.
HappyScrappy
New member
I don't think that it will matter in terms of them actually winning.
the mechanism by which they work is different - the only thing they could go after is if they have a patent specifically on any drug that helps with erections, and even then, those are frequently getting overturned.
companies are always suing each other to no avail - they have legal teams dedicated just to that end.
just because there is a lawsuit doesn't mean that 1) anything will come of it, or 2) that anything will happen soon.
the mechanism by which they work is different - the only thing they could go after is if they have a patent specifically on any drug that helps with erections, and even then, those are frequently getting overturned.
companies are always suing each other to no avail - they have legal teams dedicated just to that end.
just because there is a lawsuit doesn't mean that 1) anything will come of it, or 2) that anything will happen soon.
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