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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[–] piecat@lemmy.world 34 points 1 year ago

There is some level of R&D they do to productize it, manufacturability and scaling. And running drug safety trials cannot be cheap, especially the liability insurance.

That all said, I think it's criminal that the university labs pay so little. PhD students barely make over $40k, set by the NIH. Not adjusted for CoL either.

I think I have more of an issue with the for-profit nature of pharma companies. Shareholders shouldn't be involved in medicine.