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That's a mind-numbingly obvious point which completely ignores the context, which is Pharma justifying their high prices based on the amount they spend on R&D.
The rest of the world gets drugs 2-3x cheaper than the US. Do you imagine they're selling at a loss to everywhere else?
Yet completely lost on you ?
If a company spends $2b on research each year and after 5 years brings a new medication to market which is only useful for 1 person in every billion, how much should that company sell that medication for and how is it relevant that the company "only" spent 21% of it's revenue on research? That company could still say that the medication is costly due to research costs and the claim would be true.
I'm not saying pharma companies aren't shady as fuck, I'm just saying that complaining about the percentage of their revenue spent on research is absurd.
The rest of the world gets cheaper medications because the medical system in the US is just a mess.
That said, some medications are still preclusively expensive outside the US "due to research".
Good grief. You don't need to wave your hands so wildly, this is really fucking simple maths. Expenditure which is 21% of the total cannot possibly be the reason why USians pay 2-3 times more than everywhere else for drugs.
Sorry chief. I don't think I can dumb it down any more for you. Good luck with that.
lol