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The Truth Behind the Pharmaceutical Prices For example you are gasping for your breath and you are imagining that you are literally in the verge of being dead. Afterwards, you are injected with the different kind of medicine or you’re given with a treatment and a miracle came when you become healthy again. Are you willing to give $300 for the tablet or for the injection alone or would you prefer to die with that disease? The condition that you are suffering will be connected to an allergy if ever the treatment will be an epinephrine only. And that one will not reach around $300 in total. This one will reflect around six-fold in increase in the total price a couple years ago. It is one thing for the medications to be very expensive and costly. But why does the same medication had become more expensive over the course of the year? The Americans are justifiably angry about this increase in the pharmaceutical prices for the drugs that have been in the market for several years already.
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Plenty of those medications that are released into the market or at the very high amount, in part because they are being identified, developed, and the testing of the new drugs to become expensive process. First on the list, there is basic research that will be done first right before developing a drug. Basically, Much of the work is being funded by the government in federal, but sometimes the Pharmaceuticals company give significant amount of money into this effort to. Then there is the cost for the clinical trials sometimes there are hundreds of millions of dollars that is being prepared to test one job, with no guarantee that the molecule being tested will work in the end of the research trial. private company will be able to add up all the expenses in terms of the marketing, facilities for the production of the medication, as well as for the regulatory processes which will be costly also. It should not be surprising that the Pharmaceuticals company will be able to charge high prices into their products.
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Sometimes there are subject to will take the investigatory products and they are being funded by the companies that is the reason why some of the pharmaceutical companies often times bought the medications in a higher price that will be sold in the market afterwards. On the clinical trials, there are some medications which cost very low because they did not undergo any clinical trials.