Saturday, October 30

Making money?

Vaccines Are Good Business for Drug Makers By Andrew Pollack
For older vaccines used to prevent childhood diseases like mumps, measles and diphtheria, for example, more than half the doses are purchased by the federal Vaccines for Children program. Prices are capped so they rise no faster than inflation. At $10 to $30 a dose, such vaccines are not a growth market, which helps explain why there is only a single supplier for five of the eight recommended childhood vaccines and why periodic shortages still occur...

In the late 1990's four companies supplied flu vaccines but two...dropped out, citing low profits and heavy expenditures to meet increasingly stringent regulatory requirements to prevent contamination...

...because vaccines are given to healthy people, safety and liability concerns can be greater than with drugs, which are given to sick people, who are willing to bear some risk of side effects to get better.

...industry officials...say the most important factor for a healthy vaccine business is higher prices. "You can't have high investment, high regulatory requirements and low prices,"
The most important factor for a healthy business is making money. Who 'da thunk?

No comments: