Essential drugs are cheap because of not paying for R+D, plus government subsidies.
Essential drugs are cheap because of not paying for R+D, plus government subsidies.
Not sure I'd agree there. In the west, even mundane drugs that don't need all that R&D, like common painkillers, antibiotics, vitamins, etc. are expensive. I think the issue in the west stems from regulations that make it difficult for new players to penetrate the market, even for generics. Running a cartel becomes easier that way.
Compare [1] and [2].
[1] http://www.walgreens.com/store/c/tylenol/ID=957-brand
[2] http://www.medindia.net/drug-price/acetaminophen/crocin-500m...
Also, the term I should have used was "Life saving drugs". An example would be Sorbitrate (http://www.everydayhealth.com/drugs/sorbitrate). Crocin is not something that falls in that category in India.
[1] http://www.goodrx.com/isosorbide-dinitrate
[2] http://medlineindia.com/cardiovascular/isosorbide_dinitrate....
In case you were telling me the price because you thought I disagreed that it's cheaper in India, I don't. My point was R&D cost is not the reason why common drugs are cheaper.