I subscribe to The Medical Letter to learn about new drugs. I am frequently appalled by their cost. For example, a year’s treatment with Ozanimod, a drug recently approved for multiple sclerosis, costs $84,800. And some new drugs cost much, much more than that. A gene therapy drug from Novartis currently holds the record: 2.1 million… read more "New Contraceptive Drug Makes No Sense"
Big Pharma is not a misnomer. Pharmaceutical drugs are big business. The US is the world leader in producing new drugs and is responsible for nearly half of the new molecular entities (NME’s) that come on the market. Americans spend well over $300 billion yearly on prescription drugs. Both Big Pharma and the FDA have come… read more "How a Drug Is Born"