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Canadian Drugs, Eh?
WSJ Opinion Journal ^ | 5/11/2007 | KIMBERLEY A. STRASSEL

Posted on 05/14/2007 9:02:12 AM PDT by oblomov

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To: Mase
Your most recent post is full of so many factual inaccuracies I cannot spend the time to correct them. However, if you want you can go to the link below and find a well researched and documented article on the issue. http://www.bioethics.net/journal/j_articles.php?aid=61.
41 posted on 05/14/2007 1:59:05 PM PDT by Prokopton
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To: Prokopton

No need to provide any links. I’ll wait until you have the time to point out my errors. Standing by.


42 posted on 05/14/2007 2:00:29 PM PDT by Mase (Save me from the people who would save me from myself!)
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To: Mase
VC capital flows heavily to new drug technologies and many of them are start ups. There is still plenty of competition.

Yes, there is some competition but the walls of entry are very high. Venture Capital is not an average citizen's game. There is no patents being produced in someone's cellar. I referenced Balco because they were trying to do it cheap. If your product needs to overcome an $800 million wall it's less than perfect competition. This may sound radical but we should do away with the FDA and rely on Civil Law to protect us from poisonous drugs. Phen Phen was taken off the market because 1% of the population had a bad reaction to it. That's nuts.
43 posted on 05/14/2007 2:04:47 PM PDT by jackieaxe (This one hour pre-flight security screening is brought to you by the Kingdom of Saudi Arabia)
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To: oblomov

” Never mind all Washington’s hifalutin arguments about intellectual property, free trade and safety;’

Uhm, my Lipitor comes from Pfizer LLC, Auckland, New Zealand. So, the intellectual property is that of Pfizer, who also makes Lipitor in the US. And free trade IS me being able to buy something from a Canadian pharmacy in Winnipeg. As for safety, do you really think Pfizer makes unsafe Lipitor in New Zealand? Why ever would they?


44 posted on 05/14/2007 2:13:08 PM PDT by gcruse
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To: -YYZ-
...but to not have them when practically everyone else does, yeah, I’d have to say that makes you a bunch of suckers on this deal.

Tell us all about all those innovative new drugs the Canadian pharmaceutical industry brings to the world. The Canadians, like so many other socialists, are getting a free ride thanks to the U.S.

That the ends justify the means in some people's minds, on a conservative forum, is baffling.

45 posted on 05/14/2007 2:22:30 PM PDT by Mase (Save me from the people who would save me from myself!)
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To: Mase

You need to live by your own tagline.


46 posted on 05/14/2007 2:24:28 PM PDT by gcruse
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To: jackieaxe
Yes, there is some competition but the walls of entry are very high.

That's the nature of the life science industry. Technology is expensive to develop and commercialize.

I referenced Balco because they were trying to do it cheap.

That's not the way to endear yourself to government regulators. Nor should it be.

If your product needs to overcome an $800 million wall it's less than perfect competition.

That cost is for a new molecular entity and includes a lot of things like opportunity cost. The costs are high because the FDA is all about covering it's ass. It's not about protecting big pharma.

This may sound radical but we should do away with the FDA and rely on Civil Law to protect us from poisonous drugs

The FDA, at least on the drug side, is a bureaucratic behemoth that needs reform. However, it's a hell of a lot better than what existed before.

Phen Phen was taken off the market because 1% of the population had a bad reaction to it. That's nuts.

The FDA makes a lot of bad decisions on drugs that help more people than they hurt but this was not one of them. It's clear that Fen-Phen is responsible for the development of heart valve disease and there is no telling how many more would have been hurt if it had been left on the market. There are a lot of other anti-obesity treatments so pulling Fen-Phen was an easy decision.

47 posted on 05/14/2007 2:48:03 PM PDT by Mase (Save me from the people who would save me from myself!)
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To: gcruse
You need to live by your own tagline.

How so?

48 posted on 05/14/2007 2:49:14 PM PDT by Mase (Save me from the people who would save me from myself!)
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To: Mase

People who expect me to wildly overpay for prescription drugs tell me it’s for my own good. Sound familiar?


49 posted on 05/14/2007 2:51:29 PM PDT by gcruse
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To: gcruse

The so-called reimportation legislation would force drug comapnies to sell a certain amount of product to Canada and other countries with price controls on drugs, whether they want to or not.

Right now, Imclone doesn’t sell Erbitux to Canada because Canada’s health service wanted too little money for it. But Byron Dorgan and his allies, among them the socialist advocates of “free trade” at FR, would force Imclone to sell it whether or not the price is acceptable to Imclone.

In what sense is that “free trade”?


50 posted on 05/14/2007 2:52:06 PM PDT by oblomov
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To: oblomov

That isn’t free trade.
My being able to buy prescription drugs from Winnipeg w/o govt interference, however, is.


51 posted on 05/14/2007 2:54:11 PM PDT by gcruse
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To: gcruse

What if the drugs you buy were no longer sold to Canada?


52 posted on 05/14/2007 2:57:42 PM PDT by oblomov
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To: gcruse
People who expect me to wildly overpay for prescription drugs tell me it’s for my own good

You're not overpaying. The socialists are underpaying. You live in a free market economy - a real economy, not some socialist utopia where government decides prices and profits. You act like there is no competition in the American drug industry. That's nonsense.

You want to sacrifice future innovation for perceived lower prices today. That's shortsighted and self-centered. My tagline refers to people like you.

53 posted on 05/14/2007 3:00:28 PM PDT by Mase (Save me from the people who would save me from myself!)
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To: oblomov

My Lipitor comes from Pfizer at Auckland, New Zealand. It’s made by Pfizer. Canada is just a waypoint. I suppose I could deal with New Zealand direct, if I wished. Is that a bad thing? How’s that different from buying a foreign car?


54 posted on 05/14/2007 3:02:41 PM PDT by gcruse
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To: Mase

No, your tagline refers to those who think they know what’s best for someone else. And I agree with you. Let the market decide, not the nanny-staters.


55 posted on 05/14/2007 3:04:06 PM PDT by gcruse
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To: gcruse

It doesn’t have to be sold to NZ either. What if the other countries decide not to sell to you because they get severe supply controls to go along with their price controls? Because that is what is in the process of happening.


56 posted on 05/14/2007 3:07:02 PM PDT by oblomov
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To: oblomov

You say, sold ‘to’ NZ.
It is, as far as I can tell, manufactured there. By Pfizer.
NZ may not even have price controls, but I don’t know.

I’ve had pharma that was made in Turkey, too.

Maybe it’s like the internet. Customer demand treats intransigent nationalism like network damage and routes around it.


57 posted on 05/14/2007 3:12:28 PM PDT by gcruse
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To: The Great RJ
The simple reason why Canadian drugs are cheaper is that their national health plans fixes the price they will pay.

There is a common misconception that Canada 'forces' pharma suppliers to lower prices. It has no such powers: Canada just buys only those drugs which are offered to it at what it deems to be a good price. This is why 57% of American-made medications are not available in Canada at all.

A related lie is that Canada threatens to invalidate the patents for overpriced drugs to produce its own supply. Actually, only developing countries get to do this (the "TRIPS Agreement"). Canada observes the same international patent laws that we do.

58 posted on 05/14/2007 3:20:23 PM PDT by BlazingArizona
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To: Lou L
if you want to steal pay lower prices for pharmaceutical products....move to Canada.

Move to Arizona instead. Retirement communities offer organized "geezer connection" bus tours to Mexico.

59 posted on 05/14/2007 3:23:26 PM PDT by BlazingArizona
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To: Lou L
if you want to steal pay lower prices for pharmaceutical products....move to Canada.

Move to Arizona instead. Retirement communities offer organized "geezer connection" bus tours to Mexico.

60 posted on 05/14/2007 3:23:26 PM PDT by BlazingArizona
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