Remdesivir manufacturer, Gilead, just set the price for the COVID-19 treatment: between $2,300 and $3,100 per patient. @icer_review estimates the treatment costs approx. $1 per vital to produce. $1.— Office of the State Treasurer (@PATreasurer) August 5, 2020
Hold on let me try.
Because they can make lots of money potentially they will work really hard to find a cure, even though the government gave them money to do it.
The government cant do it because red tape or something
Actually sweaty, the margins are for the research and development they won't do.
The research for this one was funded by a government grant. So they don't even have that excuse.
Would like to hear a pro-free market person explain why this is better than just nationalizing pharma research and production...
Innovation
Incentive
Risk taking
Synergy
Market forces
Scatter those words around in a paragraph of word salad and you have accurately recreated the experience
Hold on let me try. Because they can make lots of money potentially they will work really hard to find a cure, even though the government gave them money to do it. The government cant do it because red tape or something