They have the advantage of pushing through Clinical trials without much oversight.
I am all for strict Clinical trial protocols, but our biotech companies are testing their drugs in countries that don't have strict protocols on safety.
I don't get the price increase argument anymore. The biotech companies are multinational. It's just Americans give them the most money.
I'm getting afraid of the whole, "American biotech will cure anything because of the financial perks they get" mantra too.
I pay out of pocket for my needs at Costco. Their prices are a bit above wholesale. That said, I pay way to much for certain drugs. I guarantee their are shinagigans going on in the pricing if certain drugs.
Bupenorpine us a generic drug. Why gave I been paying $70 for a decade?
(This drug is America's answer to the opioid crisis. I was prescribed this drug off label for another condition. It's the price that has me scratching my head. It's been the same price for too long. Other pharmacy's price it higher.)
I won't get started on the drugs (new--not genetic) prescribed for depression. And then reading Irving Kirsch's research. His paper can be found, but you need to hunt for it. I'll offer this interview.
https://www.aarp.org/health/drugs-supplements/info-05-2010/d...
I am proud of Biden's promise to lower prices. I am so glad he's at the helm. I'm not being overly political. I just am just at bit hopeful now. Something I haven't been in 4 plus years.