Cost for Abilify?

Discussion in 'Bristol-Myers Squibb' started by Anonymous, May 6, 2009 at 10:24 PM.

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  1. Anonymous

    Anonymous Guest

    Why is the cost of Abilify so high? $1,300 for a 90 day supply of 2mg pills or about $11.40 per pill!! I don't know how you guys are selling it but is has helped my depression(add on to Effexor XR).
     

  2. Anonymous

    Anonymous Guest

    In a free price market you price as high as possible and usually with no justification. Depression - not sure if that is a licenced indication
     
  3. CapPig

    CapPig Guest

    Actually it is indicated for the add on treatment of depression. Effexor was one of the drugs ued in the initial study. I agree that its expensive, but the government only gives a limited patent life and it nearly cost $897 M to bring it to market.
     
  4. Anonymous

    Anonymous Guest

    CP, boy they've really gotten a worm into your brain - now your defending pharma with THEIR argument?! Yes, let us focus on R&D cost but not frivilous marketing and sales expenses, which are greater than R&D costs.
     
  5. Anonymous

    Anonymous Guest

    Why don't you work and ask your employer to pay you in bread and milk??

    At the end of the day, it is a business. Just like any other business.
    BMS or most pharma companies are not non-profit charity organizations.

    What about the doctors that gets paid over a million bucks a year.. if they were so "righteous" I would believe that someone making $150k a year can have a decently living in the states. Why don't doctors work for that amount because they are to help people?

    If you want to comment on the high cost of healthcare, you should look at the whole system, not just bitching about pharma. I know some Drs who take hospitals supplies for personal use. What about wasteful spending inside the hospitals? There are so many issues.
     
  6. Anonymous

    Anonymous Guest

    I think the point is that it is difficult to justify high prices when the R&D effort across the industry over recent years is lamentable. If they really where producing then less people would complain. Right now it just looks like price gouging to support profits. Profits that are poorly invested. What people wany here is value for money and not the same old weak justifications that just don't cut it in the present climate
     
  7. CapPig

    CapPig Guest

    Yeah, it does seem like it doesn't it? However, I'm not defending pharma as much as I'm defending capitalism. Pharma just happens to be in the mix. Let's face it, for all the moral searching and moaning that went on in the late 90's and early 2000 about the spending in sales and marketing, the industry caved to govt pressure and stopped alot of the frivolous crap. Did drug costs go down? No. However, all of the companies that made money off of us suffered. Local restaurants, nurseries, bakeries, and games and theater. But the costs never went down.

    Now, we're in a situation where they take away the minutia like the pens, pads, etc. because we're "influencing" the doctors and who loses out? Well, the cost of the drug didn't go down, but the companies that made our pens, mugs, pads, etc. are closing shop because we don't buy their products anymore. Result? Those employees that needed our product and had insurance now find they have no job, no insurance, and no way to pay for the drugs they need. Boy that worked out well for everyone didn't it?
     
  8. Anonymous

    Anonymous Guest

    CP, we are all so glad you are in favor of profits, those same businesses that are closing shop because they can't sell pens and pads to pharma, likely many never had any insurance for their employees and those that needed a name brand pharma product could not afford it. Let profits reign, which is exactly why I own mucho shares of Teva and Mylan - generics will make many profits over the next 20 years. PS - bring on the biologic generics - surely you are in favor of those, it creates market competition - very capitalistic.
    Argue all you want, but pharma still grossly overspends on sales and marketing costs - cut 80% of reps, put real healthcare professionals into what slots are left and let the games continue.
     
  9. CapPig

    CapPig Guest

    Ugh. I'm don't want to get into a free-market argument with you. If you haven't seen the light yet, you never will. You are actually very wrong about the companies and their benefits. There is a company in my town that shut their doors recently. 80% of their business was from pharma. All the employees had great healthcare. Good to see their children struggling because you think we make too much money.

    Generics are a farse. False profits based on the efforts of someone else. X company spends money, time, and risk to bring a drug to market and you and the government allow a parasite company to seize that product and make money with no risk.

    Face it. You are a parasite. People who think like you are parasites. You believe in sucking off the life and efforts of the people in this world who achieve. You are the worst of all humans.
     
  10. Anonymous

    Anonymous Guest

    HA!!! You give yourself up - you capitalist poser! Generics are free market, but they don't help YOU. CP must be a proud Democrat. Your veil has been lifted and your true self exposed, CP stands for not capitalist pig, but capitalist poser.
     
  11. Anonymous

    Anonymous Guest

    You're right on target! Generics are free market and pharma is aware of it. In order to continue to have resource for R&D, pharma needs to maximize profitability of in-line products during patent protection period. For that reason, sales and mktg costs will be high - gotta drive demand away from potential cheaper alternatives.

    Just when I thought I made the wise choice to leave the tobacco industry back in '95. Maybe I should see if GM is hiring - they make stuff people want and can afford!
     
  12. CapPig

    CapPig Guest

    You think government mandated generics are laissez-faire? What school of economics did you study? Jesus, I hate arguing with someone thats misinformed.
     
  13. Anonymous

    Anonymous Guest

    Ah , a TRUE capitalist! I agree with you, my only contention is that the industry has way too many reps and that most are ineffective, therefore do not contribute to increased sales, but only take resources that could better be put toward R&D. Wonder what Capitalist Poser thinks about that?
     
  14. Anonymous

    Anonymous Guest

    C Poser, you continue to dissappoint! Govt mandated? Ask any HMO if they are forced to offer/mandate their patients generics? They want to cut costs and increase profits. If patients want your precious 'name brand', they can pay for it.
     
  15. Anonymous

    Anonymous Guest

    and the last paragraph is getting ready to come true. Big pharma and it's practices are done. Obama and his admin starts in on healthcare this summer. It's going to be ugly. We had all better get ready. I guess all good things come to an end. We are out of control and have been for sometime.
     
  16. Anonymous

    Anonymous Guest

    Please keep in mind that's on paper. Accountants can do some wonderful things with the numbers.
     
  17. CapPig

    CapPig Guest


    No jackass, I'm talking about the loss of branded exclusivity mandated by government. Pharma only has a limited amount of time to recoup the cost of bringing the drug to market. I really hate name-calling but Jesus Christ you're a numbskull. Really you don't get this? You really, really don't understand this? Damn. It's like talking to a bunch of neo-socialist 14 year olds down at the alternative school.
     
  18. Anonymous

    Anonymous Guest

    C Poser - so in your world drug patents last forever? Come now, even you are smarter than that (we all hope). The patent life allows generic entries into the market for consumer benefit (remember competition is good), apparently you really struggle with free markets - hence your new moniker 'Capitalist Poser' . Patent expiration also spurs new R&D by pharma, which you so fervently believe as too expensive, but does not R&D provide jobs throughout the economy? It is the bloated sales and marketing costs that are a waste to a great degree - with little to no discernable value. That nasty name calling really is beneath you CP.
     
  19. Anonymous

    Anonymous Guest

    This Cap Pig guy doesn't get it, patents in general only last 20 years max on anything. Pharma certainly recoups their development costs in the 17 years they get.
     
  20. Anonymous

    Anonymous Guest

    I know. he is some dumb ass with a big chip on his shoulder about something. Fact is data exclusivity loss drives innovation as it forces companies to develop new products. Given the pathetic R&D efforts over the last 5-10 years you could argue that these fat bloated useless companies need a little shock to the system and that data exclusivity should be shortened!

    All they have done to drive revenues is jack up prices and work on the margins by managing the cost base. Not a hint of improved R&D activity despite all the extra cash. Spectacularly useless I would say.

    They need some added heat to get their act together!