this post was submitted on 21 Oct 2023
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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 i_have_no_enemies@lemmy.world to c/technology@lemmy.world
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[โ€“] Kecessa@sh.itjust.works 25 points 1 year ago* (last edited 1 year ago) (1 children)

It's a constitutional thing, government has to guarantee the companies' freedom to set the price they want or something totally moronic like that...

In fact it's the first time the government will be able to negotiate with pharmaceutical companies!

https://www.reuters.com/business/healthcare-pharmaceuticals/us-judge-refuses-block-medicare-negotiating-drug-prices-2023-09-29/

[โ€“] lemann@lemmy.one 9 points 1 year ago

In fact it's the first time the government will be able to negotiate with pharmaceutical companies!

Yes! That's a great start ๐Ÿ‘Œ especially if the negotiator is NOT getting a kickback from Pharma for negotiating a high price