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[ Friday, November 11, 2005 ]
Big Pharma Love:
A blog post
by my blogfather Glen Reynolds eariler this week started
a small blogfire
over the fact that pharmaceutical companies are viscerally hated, despite the good that they actually do in many people's lives. It's gotten to the point that people who work for drug companies can't admit it in public, even if they're actually working on research to develop lifesaving new drugs. It seems to me that a lot of the so-called "populist" agenda involves this type of cheap and irrational vilification. Drug companies, insurance companies, evangelicals, George Bush, "rich" physicians, the list goes on and on.
I think there's a lot of financial irrationality that drives this type of mindless animosity. Drugs cost a lot of money. Hmm. Yeah, they do. Know why? It costs a lot of money to develop those drugs. Take Pfizer: yes, the manufacturer of Viagra. They were developing a drug that would raise "good" cholesterol. But in their late-stage clinical testing in humans, more people who took the drug died than the control group. So they've pulled the drug//photos1.blogger.com/blogger/5594/1354/320/Yogyakarta (13).jpg" alt="" border="0" hspace="3" vspace="3" />