Polling shows that large numbers of Americans are forgoing prescribed medicines because they can’t afford them.
Pharmaceutical manufacturers say high U.S. prices support research and development and point out that Americans tend to get new treatments first. Buthas shown that the price of a drug is related neither to the amount of research and development required to bring it to market nor its therapeutic value.
Here are just a few of the many examples of drug pricing practices that have driven consumers to demand change., earning AbbVie $200 billion over two decades. Effective in the treatment of various autoimmune diseases, its core patent — the one on the biologic itself — expired in 2016. But for business purposes, the “controlling patent,” the last to expire, is far more important since it allows an ongoing monopoly.
Since it must be taken for life to keep that cancer in check, patients who want to live have had no choice but to pay. Though Revlimid’s patent protection ran out in 2022, Celgene avoided meaningful price-cutting competition by offering generic competitors “volume-limited licenses” to its patents so long as they agreed to initially produce a small share of the drug’s $12 billion monopoly market.
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