Don’t jump to conclusions here. We own our own business. I know what things cost. We also work very closely with our chemists. I know what things cost. Pick a medical product and price it out at Costco....you’ll be amazed at the difference in cost.
Then you know that calculating a mark-up on the cost of active ingredients alone is misleading as hell.
The cost of "active" ingredients in a fountain Coke is about 3 cents. You pay 99 cents. Does that mean that Coke's profit is 3300%?
RC, sometimes when you find yourself in an intellectual hole, perhaps you should stop digging.
You made a fallacious statement about the costs of pharmaceutical products, and you follow it up with an equally hollow one, but I'll humor you. You initially implied that pharma companies were responsible for the high overhead, but in your latest example (Costco), you imply that the retailer is responsible for the markup.
You also claim to know "what things cost," but you remain stubborn to the fact that much of the cost for pharmaceuticals lies in the R&D costs. The material costs are miniscule in comparison.