I have always been conflicted about the effect of money in the pharma industry.
On one hand, the significant amount of profit potential is the number one reason that the US has such a vibrant biotech industry, and why so many life saving therapies have been created and continue to be created.
On the other hand, this profit margin is a significant contributor to the incredibly high cost of healthcare in the US. And because other countries fix the prices of these drugs, the high development cost is subsidized by Americans while the world benefits from the discoveries.
Is this an accurate reading of the state of the industry? And what are your thoughts? Is anyone else conflicted about the fact that the profits of the pharma industry is intimately linked with the rising cost our healthcare?