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Metformin cheap price. By the end of 2009, cost was cut by more than 20% and has been slowly rising ever since. While there is some question over whether this is the "real" cost of drug, it's clear that metformin cheap price a pretty impressive investment of $90 billion. Even if the prices are not in fact set by the drug companies at a fixed amount, the fact they do exist suggests are determined by factors other than the market. They are intended to be part of an overall incentive structure for companies in the US to innovate. "We are talking about an industry that has the incentive to lower prices, because it makes them more money. It's just a matter of whether the cost is justified." said Prof. Jeffrey Kuznekoff, a pharmacist and director of the Drug Research Center at University of California Los Angeles. At the bottom line, lowering costs in the US is a matter of "cost-benefit analysis" – a way of comparing the overall benefits investing in R&D with the potential benefits of letting costs rise. The calculation is straightforward: lowering costs worth the potential long-term losses? "Is it worth to invest $91 billion in research and development? The US spending as a percentage of GDP, is about 0.8%, and if you don't spend $11bn every year on R&D, you're going to lose money," said Prof. Kuznekoff. "Is it worth to spend Cialis buy online ireland $1bn metformin online cheap in advertising every year? the US, that's $350 billion a year. It seems pretty clear that the value proposition in R&D isn't simply to do stuff like the pharmaceutical industry does but also to educate society about health issues." But what makes the pharmaceutical industry in US so different from other industries? For one, the profit margins on drugs in the US are about three times those in other developed countries. So if it's profitable to develop new medicines, the US should be leading international research effort. But this seems not to be the case. In 2011, US ranked at the bottom of list countries that spend the most on drug research. next worst spenders – a group which included France, Italy and Japan – were South Korea, Canada, Singapore, Ireland and the UK. In a recent study, Prof. Kuznekoff suggested the US spending on pharmaceutical R&D is being funded by a mix of "subsidies, tax subsidies, other forms Metformin 850mg $215.46 - $0.6 Per pill of taxation and incentives to pharma for R&D and other activities which have nothing to do with the research itself". This appears to be partly true. But a number of factors make US research in pharmaceuticals particularly hard to compare other countries, not the least of which is fact that the pharmaceutical industry in US is so large – accounting for $80bn 2011, according to the US Office of Management and Budget. In contrast, Australia spent less than $3.5bn on pharmaceutical R&D in 2011. "A lot of the stuff that people think about as research is actually just marketing," said Prof. Kuznekoff. "It's the idea you might be able to make a medicine cheaper, so people will buy it. You can't put it into the context of what's actually going on in the research environment." Part of the reason for low spending on drug development in Australia is that it hasn't had to compete against America's big pharma companies as hard the US has. "The competition in the US has a lot more power than it does here in Australia," said Prof. Gorman. "If you're a small company trying to create something that's competitive, you don't think like your competitors. You about, how do I develop as much can, and if there's competition, how big is it going to be? It's not just who's got the largest R&D budget that's thinking about that. These are businesses that have their own budgets and priorities if they're looking at the US, it's an easy target, even though our pharmaceutical research is still just as big theirs." Prof. Kuznekoff, however, agrees with Gorman's position. In an earlier blog post, she wrote that "the US has a higher share of the global pharmaceutical industry than any other country in the world; there are several ways to measure this, notably the share of global revenues. But the first way is to look at the share of global sales: according to figures from the US Federal Trade Commission, in the US, share of global sales all drugs was 14 percent in 2000, and 13 2009." More than just a pharmaceutical industry And yet Prof. Gorman believes that drug companies operate in many industries, like hospitals and pharmaceutical.



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