Trump Promises To Slash Regulation For Pharmaceutical Companies By ‘up To 80 Per Cent’

[Captain Rex]

hey guys look at this

http://www.telegraph.co.uk/news/201...cks-us-attorney-general-sally-yates-defiance/
at time 3:09 pm

it's a good thing for us.
Mr Trump said he would be "streamlining" the Federal Drug Administration.


He said: "Yo'll get your product approved or not approved but it will happen quickly, it won't take 15 years."
That's what i am talking about.

credit : Bob guy at hlc2020

 

[resu]

Based Trump.

 

[Captain Rex]

In other words they make even more money more easily with lesser checks and consequences. Cures do not make money whilst treating symptoms do.

hey buddy u r not getting it, the cost of a new drug will be higher if they have to go through all those expensive clinical trials. And plus some company gives up even before trialing their product properly just due to those exhausting trials. // and that's how male pattern baldness hasn't been cured yet.

If they find it safe they can easily go into the market and the results itself will speak about their efficacy. Look at our condition now, just gulping down those blue pills without even knowing whether it works or not.

if companies are relieved of these financial burdens, they can easily think about spending more in researches. //and that's what we want
THE MORE THEY RESEARCH, THE CLOSER WE GET TO THE CURE.

and moreover, they won't make money from this simple reason, if we find a particular drug useless we can go for alternatives unlike the present scenario where a guy is forced to take finasteride and minoxidil and drop them and then start again and that's how pharma makes a lot of money because there are no f*****g other alternatives. It's like we are begging

 

[Afro_Vacancy]

Clinical trials are a good thing.

 

[Captain Rex]

Clinical trials are a good thing.

agree 100%

look i don't know what you guys want Delay like every year or the Cure.
and there will be trials no doubt in that but not like the old days where it takes 10-15 years to release a product in the market.
and it's a good sign for all of us.
XD

 

[hairblues]

agree 100%
t.

yes great for hair loss treatments--Yippee!

not so great for everything else.

obama already signed into law the 21st Century cure that was going to make medications available sooner

what Trump is talking about is un-regulating pharmaceutical companies regarding FDA...

he's also telling them to manufacture drugs in USA--not going to make them cheaper yet he has no replacement for affordable care ac

 

[champpy]

yes great for hair loss treatments--Yippee!

not so great for everything else.

obama already signed into law the 21st Century cure that was going to make medications available sooner

what Trump is talking about is un-regulating pharmaceutical companies regarding FDA...

he's also telling them to manufacture drugs in USA--not going to make them cheaper yet he has no replacement for affordable care ac

I personally don't mind paying a little bit higher price on anything it's made in the USA. I don't understand why any American would be opposed to this.
Yeah we pay a little bit more on products but more citizens have jobs they can afford better places to live and nicer things OR less people have jobs, they live off the government and can't afford to have the things they want in life.

And really it comes down to me paying a little more for products that I want or me being forced to pay more in taxes to cover people that don't have jobs. I choose the first option

 

[Afro_Vacancy]

The US pharmaceutical industry is very inefficient.

All of their research is subsidized by the government.

When you're paying $800 for an epi pen that costs $3 to manufacture, you're paying for executive compensation, marketing, and profits.

I don't expect Trump to fix this.

 

[hairblues]

I personally don't mind paying a little bit higher price on anything it's made in the USA. I don't understand why any American would be opposed to this.
Yeah we pay a little bit more on products but more citizens have jobs they can afford better places to live and nicer things OR less people have jobs, they live off the government and can't afford to have the things they want in life.

if you are young and healthy thats a fantastic sentiment to have.

some people pay thousands of dollars out of pocket for medication AND pay for their health insurance

so i don't know what state you live in.

 

[hairblues]

The US pharmaceutical industry is very inefficient.

All of their research is subsidized by the government.

When you're paying $800 for an epi pen that costs $3 to manufacture, you're paying for executive compensation, marketing, and profits.

I don't expect Trump to fix this.

Its the hospital costs/testing costs and pharmaceuticals

and with pricks like 'this' in pharmaceuticals i don't know if no regulations is a great thing

 

[champpy]

if you are young and healthy thats a fantastic sentiment to have.

some people pay thousands of dollars out of pocket for medication AND pay for their health insurance

so i don't know what state you live in.

I agree, some ppl do. My mom does.
But most dont.

 

[hairblues]

I agree, some ppl do. My mom does.
But most dont.

Just curious how old are you?
are you still on your moms insurance plan?

 

[SmoothSailing]

The US pharmaceutical industry is very inefficient.

All of their research is subsidized by the government.

When you're paying $800 for an epi pen that costs $3 to manufacture, you're paying for executive compensation, marketing, and profits.

I don't expect Trump to fix this.

Although, afaik, the US is by far the biggest innovator and discoverer of medical solutions. If every sold drugs for what they cost to manufacture, like in India, there wouldn't be much motivation for companies to produce new drugs.

Although obviously that epi-pen controversy was an absolute scam and shows the system is not working correctly.

 

[hairblues]

Although, afaik, the US is by far the biggest innovator and discoverer of medical solutions. If every sold drugs for what they cost to manufacture, like in India, there wouldn't be much motivation for companies to produce new drugs.

Although obviously that epi-pen controversy was an absolute scam and shows the system is not working correctly.

It needs pricing regulations but Trump signed an executive order about getting rid of any regulations including Wells Fargo which was a big thing here.

I think people who think he is for the 'little' guy are going to be shocked in a few years.
i can be wrong but i don't think so.

Capitalism is fantastic but unchecked capitalism is not good.

 

[Afro_Vacancy]

Although, afaik, the US is by far the biggest innovator and discoverer of medical solutions. If every sold drugs for what they cost to manufacture, like in India, there wouldn't be much motivation for companies to produce new drugs.

Although obviously that epi-pen controversy was an absolute scam and shows the system is not working correctly.

The innovation is funded by the government, not high drug prices.

 

[hairblues]

congress had a bi partisan regulation for perscription drug prices but it got scraped when Trump was elected.

I don't know the details but probably findable easily if interested.

Republicans most at least don't believe in any regulations they just believe in free markets for everything unchecked.

personally i don't believe in that philosophy.

you have to have some regulations or you have financial crisis eventually.

cant have to many or no growth..it is a delicate balance.

 

[Afro_Vacancy]

Another issue with the "innovation" is that counting the number of drugs is not necessarily the best way to quantify innovation. A lot of these drugs are "me too" drugs, and as we know from finasteride, poorly researched.

 

[SmoothSailing]

The innovation is funded by the government, not high drug prices.

Well yeah if the government paid for it, I'd expect the patent to be made public domain to allow all companies make it, or the government to sell the drug at cost price.

But I was under the impression that large pharmaceutical companies funded drugs in order to make the profits whilst they still hold the patent.

 

[SmoothSailing]

It needs pricing regulations but Trump signed an executive order about getting rid of any regulations including Wells Fargo which was a big thing here.

I think people who think he is for the 'little' guy are going to be shocked in a few years.
i can be wrong but i don't think so.

Capitalism is fantastic but unchecked capitalism is not good.

Not good for the consumer maybe. But I think unchecked capitalism is likely better for development and innovation.

Still though I know nothing of these regulations, not even from the US. We probably have 10 times more here.

I found it weird in the US when I saw ads for prescription drugs.

 

[That Guy]

"This is dangerous and could have dire consequences for some people."

"But it will speed up baldness cures"