For example you are gasping for your breath and you are imagining that you are literally in the verge of being dead. After this, there is a person who injected you a medicine or had given you a tablet and Miracle came that you are perfectly well again and healthy.
Are you willing to pay for $300 for that injection alone?
The condition that you are suffering will be connected to an allergy if ever the treatment will be an epinephrine only. will that cost around $300? Around six-fold increase will be able to reflect in terms of the increase from the couple of years ago. It is one thing for the medicines to be costly and sometimes they are far beyond your budget and many cannot be able to afford it. But the question is why does the pharmaceutical price as increase through time and why does it become expensive.
The drug which is considered to have been in the market for several years already show increase in price of the drugs in the market which they are already is there for several years already and this increase in the price got everyone mad especially Americans .
Plenty of those medications that are released into the market or at the very high amount, in part because they are being identified, developed, and the testing of the new drugs to become expensive process. First on the list, there is basic research that will be done first right before developing a drug. Basically, Much of the work is being funded by the government in federal, but sometimes the Pharmaceuticals company give significant amount of money into this effort to. After all the research, there will be amount of money for the clinical trial sometimes they give around 100 of millions of dollars just to test the clinical drug , and in the end there will be no guarantee that the molecule being tested will work for the subjects. Whenever the clinical trial will be successful, the companies and the government will spend ample amount of money and their time to be able to go into the process of regulatory hurdles, drug marketing, and also to ramp up the production facilities.. It should not be surprising that the Pharmaceuticals company will be able to charge high prices into their products.
Increase in the prices of the pharmaceutical drugs are often very explanatory because there are several subjects who had already taken the products for under investigation. The pharmaceutical prices varies between high and low and those low prices of medications haven’t undergone any clinical trial along the way.
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