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Thread: Drugs.....

  1. #1
    Jbb
    >
    > The numbers below are factual and are mind boggling!!!
    > Please let your clients know that Costco is a low cost alternative for generic medications if they have access to the internet or a costco store.
    >
    >
    >
    >
    >
    > COSTCO, read this
    >
    >
    >
    > Let's hear it for Costco!! (This is just mind-boggling!) Make sure
    > you read all the way past the list of the drugs
    > The woman that signed below is a Budget Analyst out of federal
    > Washington, DC offices.
    >
    >
    > Did you ever wonder how much it costs a drug company for the active
    > ingredient in prescription medications? Some people think it must cost a lot, since
    > many drugs sell for more than $2.00 per tablet. We did a search of
    > offshore chemical synthesizers that supply the active ingredients found
    > in drugs approved by the FDA. As we have revealed in past issues of
    > Life Extension, a significant percentage of drugs sold in the United
    > States contain active ingredients made in other countries. In our
    > independent investigation of how much profit drug companies really make,
    > we obtained the actual price of active ingredients used in some
    > of the most popular drugs sold in America.
    >
    >
    > The data below speaks for itself.
    >
    >
    > Celebrex: 100 mg
    > Consumer price (100 tablets): $130.27
    > Cost of general active ingredients: $0.60
    > Percent markup: 21,712%
    >
    >
    >
    >
    > Claritin: 10 mg
    > Consumer Price (100 tablets): $215.17
    > Cost of general active ingredients: $0.71
    > Percent markup: 30,306%
    >
    >
    >
    >
    > Keflex: 250 mg
    > Consumer Price (100 tablets): $157.39
    > Cost of general active ingredients: $1.88
    > Percent markup: 8,372%
    >
    >
    >
    >
    >
    >
    > Lipitor: 20 mg
    > Consumer Price (100 tablets): $272.37
    > Cost of general active ingredients: $5.80
    > Percent markup: 4,696%
    >
    >
    >
    >
    > Norvasc: 10 mg
    > Consumer price (100 tablets): $188.29
    > Cost of general active ingredients: $0.14
    > Percent markup: 134,493%
    >
    >
    >
    >
    > Paxil: 20 mg
    > Consumer price (100 tablets): $220.27
    > Cost of general active ingredients: $7.60
    > Percent markup: 2,898%
    >
    >
    >
    >
    > Prevacid: 30 mg
    > Consumer price (100 tablets): $44.77
    > Cost of general active ingredients: $1.01
    > Percent markup: 34,136%
    >
    >
    >
    >
    >
    >
    > Prilosec: 20 mg
    > Consumer price (100 tablets): $360.97
    > Cost of general active ingredients $0.52
    > Percent markup: 69,417%
    >
    >
    >
    >
    > Prozac: 20 mg
    > Consumer price (100 tablets) : $247.47
    > Cost of general active ingredients: $0.11
    > Percent markup: 224,973%
    >
    >
    >
    >
    > Tenormin: 50 mg
    > Consumer price (100 tablets): $104.47
    > Cost of general active ingredients: $0.13
    > Percent markup: 80,362%
    >
    >
    >
    >
    >
    >
    > Vasotec: 10 mg
    > Consumer price (100 tablets): $102.37
    > Cost of general active ingredients: $0.20
    > Percent markup: 51,185%
    >
    >
    >
    >
    > Xanax: 1 mg
    > Consumer price (100 tablets) : $136.79
    > Cost of general active ingredients: $0.024
    > Percent markup: 569,958%
    >
    >
    >
    >
    > Zestril: 20 mg
    > Consumer price (100 tablets) $89.89
    > Cost of general active ingredients $3.20
    > Percent markup: 2,809
    >
    >
    >
    >
    > Zithromax: 600 mg
    > Consumer price (100 tablets): $1,482.19
    > Cost of general active ingredients: $18.78
    > Percent markup: 7,892%
    >
    >
    >
    >
    > Zocor: 40 mg
    > Consumer price (100 tablets): $350.27
    > Cost of general active ingredients: $8.63
    > Percent markup: 4,059%
    >
    >
    >
    >
    >
    > Zoloft: 50 mg
    > Consumer price: $206.87
    > Cost of general active ingredients: $1.75
    > Percent markup: 11,821%
    >
    >
    >
    >
    >
    >
    >
    >
    > Since the cost of prescription drugs is so outrageous, I thought
    > everyone should know about this. Please read the following and pass it on.
    > It pays to shop around. This helps to solve the mystery as to why they
    > can afford to put a Walgreen's on every corner. On Monday night,
    > Steve Wilson, an investigative reporter for Channel 7 News in Detroit,
    > did a story on generic drug price gouging by pharmacies. He found
    > in his investigation, that some of these generic drugs were marked up as
    > much as 3,000% or more. Yes, that's not a typo.....three thousand
    > percent! So often, we blame the drug companies for the high cost of
    > drugs, and usually rightfully so. But in this case, the fault clearly
    > lies with the pharmacies themselves. For example, if you had to buy a prescription
    > drug, and bought the name brand, you might pay $100 for 100 pills.
    > The pharmacist might tell you that if you get the generic equivalent,
    > they would only cost $80, making you think you are "saving" $20. What
    > the pharmacist is not telling you is that those 100 generic pills may
    > have only cost him $10!
    >
    >
    > At the end of the report, one of the anchors asked Mr. Wilson whether or
    > not there were any pharmacies that did not adhere to this practice,
    > and he said that Costco consistently charged little over their cost for
    > the generic drugs.
    >
    >
    >
    >
    > I went to the Costco site, where you can look up any drug, and get its
    > online price. It says that the in-store prices are consistent with the
    > online prices. I was appalled. Just to give you one example from my own
    > experience, I had to use the drug, Compazine, which helps prevent nausea
    > in chemo patients.
    >
    >
    >
    >
    >
    > I used the generic equivalent, which cost $54.99 for
    > 60 pills at CVS. I checked the price at Costco, and I could
    > have bought 100 pills for $19.89. For 145 of my pain pills, I paid
    > $72.57. I could have got 150 at Costco for $28.08.
    >
    >
    > I would like to mention, that although Costco is a "membership" type
    > store, you do NOT have to be a member to buy prescriptions there,
    > as it is a federally regulated substance. You just tell them at the door
    > that you wish to use the pharmacy, and they will let you in. (this is
    > true)
    >
    >
    > I went there this past Thursday and asked them. I am asking each of you
    > to please help me by copying this letter, and passing it into your
    > own e-mail, and send it to everyone you know with an e-mail address.
    >
    >
    > Sharon L. Davis
    > Budget Analyst
    > U.S . Department of Commerce
    > Room 6839
    > Office Ph: 202-482-4458
    > Office Fax: 202-482-5480
    > E-mail Address: sdavis@doc.gov
    >
    >
    > Marshall Stein, MD
    > Medical Director
    > New River Behavioral HealthCare

  2. #2
    boxscore
    Guess what... the average cost to BRING A DRUG TO MARKET is.....
    $800,000,000 over 12-15 years for each drug!
    (that's 800 million for those numbers challenged people) Go ahead and calc that into the equation while you're at it. And that's long before drug co's invest themselves in defending against tons o' lawsuits.... to the tune of MILLIONS. Pfizer stock has gone from $38/share to about $21 bucks... Guess they're "mark-up" ain't that great after all. Can you tell I'm a little passionate about this? :hammerhea

  3. #3
    Dribble
    Guess what... the average cost to BRING A DRUG TO MARKET is.....
    $800,000,000 over 12-15 years for each drug!
    (that's 800 million for those numbers challenged people) Go ahead and calc that into the equation while you're at it. :hammerhea
    Absolutley correct. The money we pay isn't for the raw ingredients it's for the years of research and testing. That's why my pharmacutical stocks are in the toilet. I just wish they made that kind of money, I'd be alot better off.

  4. #4
    78Eliminator
    Well at least with Xanax, you won't have to "worry" about the markup. Chuckle chuckle. I'll be here all week folks.....

  5. #5
    Jbb
    Absolutley correct. The money we pay isn't for the raw ingredients it's for the years of research and testing. That's why my pharmacutical stocks are in the toilet. I just wish they made that kind of money, I'd be alot better off.
    I dunno..... how much reasearch and testing went into Phen Phen and Redux before it went to market....and started destroying heart valves...?...Wonder if the people who got killed....and their families....feel like they got their moneys worth..

  6. #6
    AZKC
    Guess what... the average cost to BRING A DRUG TO MARKET is.....
    $800,000,000 over 12-15 years for each drug!
    (that's 800 million for those numbers challenged people) Go ahead and calc that into the equation while you're at it. And that's long before drug co's invest themselves in defending against tons o' lawsuits.... to the tune of MILLIONS. Pfizer stock has gone from $38/share to about $21 bucks... Guess they're "mark-up" ain't that great after all. Can you tell I'm a little passionate about this? :hammerhea
    Then how does Costco sell them for so cheap. I think he's talking about the markup at the retail end not the wholesale/supplier level

  7. #7
    Kachina26
    I dunno..... how much reasearch and testing went into Phen Phen and Redux before it went to market....and started destroying heart valves...?...Wonder if the people who got killed....and their families....feel like they got their moneys worth..
    Actually, (I'm sure you already know this) lawsuits are generally figured into the price, much in the same way that warranty and lawsuits are built into the cars we buy. Yeah the chemicals are cheap, but figuring out which ones are gonna help us and jumping through the FDA's hoops ain't cheap. Now if we could just get Viagra down to pennies a pill :idea:

  8. #8
    mickeyfinn
    Guess what... the average cost to BRING A DRUG TO MARKET is.....
    $800,000,000 over 12-15 years for each drug!
    (that's 800 million for those numbers challenged people) Go ahead and calc that into the equation while you're at it. And that's long before drug co's invest themselves in defending against tons o' lawsuits.... to the tune of MILLIONS. Pfizer stock has gone from $38/share to about $21 bucks... Guess they're "mark-up" ain't that great after all. Can you tell I'm a little passionate about this? :hammerhea
    This is why the feds are maintaining that it is illegal to buy/import drugs from canada. The drug companies have to recoup their R and D money somewhere. If they price it to recoup it everywhere the price of the drug make it attractive to be copied by other manufacturers outside the US. This reduces the volume of the drug made by the company which further increases the unit price of the drug. In other words if they charged the same price for the drug in canada, other companies who do not have to abide by our patent laws would start making the drug. These "cheaper" products would then be sold in these areas. This would reduce sales/volume which means that in addition to us having to pay for the R and D we would also have to cover the higher unit price. Buying the cheaper drugs from other countries sounds like a good thing, until you then factor the above things into the equation. You then take all of the profit out of it for the drug companies, they can no longer afford to bring the new products to market and new drugs quit being available.

  9. #9
    beyondhelpin
    800 mil sounds inflated. Why the hell do I as a resident of the USA have to pay for all the R&D for a drug that is sold worldwide. Most if not all developed countries dont pay what we pay. I call bullshit on this one. Drug companys dont make money? If you had 100 shares of Merc from 1980 how much would it be worth now?

  10. #10
    boxscore
    800 mil sounds inflated. Why the hell do I as a resident of the USA have to pay for all the R&D for a drug that is sold worldwide. Most if not all developed countries dont pay what we pay. I call bullshit on this one. Drug companys dont make money? If you had 100 shares of Merc from 1980 how much would it be worth now?
    Hmmmm... maybe if everyone went to Canada to buy generic drugs at a huge discount.... there'd be no new drugs in the pipeline from American companies. They might be developed somewhere else where we don't require the R & D, testing , and trials that the FDA requires. And folks thought Phen Phen was a focked up product...
    Your stock example from 1980 is a bad one. Sure, drug comapnies make money, otherwise you wouldn't even have simple ol' Tylenol. I'd love to have 100 shares of nearly any S & P company purchaed 25 years ago. Then I'd pay my gain tax, and buy UnionJacks boat from him.

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