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Medical Forum / Diseases and Disorders / Diabetes / March 2006

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Guy... it cost's big money

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Slap - 02 Mar 2006 14:59 GMT
"guy" <guys@consolidated.neet> wrote in message
news:4408d3e6.1839265@news.consolidated.net...
> (from current thread:  McDonalds again)
>
> McDonalds came around when I was in college
> It grew very fast because it offer a much cheaper
> hamburger.    It enabled me to afford lunch
> for 48 cents.
>
> Unlike so much of the other expenses I incur, I
> am not locked in there.
>
> If we just want to bitch, we need to pick on
> some medical items.  At the markups we
> see in the medical field, if Mcdonalds follow
> the same markup pattern a burger would
> cost at least $20 and you would have to make
> an appointment for three weeks from now.

The thing is Guy, places like Mcdonalds don't have to invent new foods.  If
you hold back profits from the drug companies... you soon will have no new
drugs.  It's as simple as that.  Lets take an example that is happening
right now where I live... Edmonton, Alberta Canada... local company,
product... Cold-Fx

Cold-Fx... you may have seen it advertised on TV as many players in the NHL
take this supplement.  It is supposed to help in not getting a cold and some
research does seem to back this up.  It is made and sold in Canada and
available to the USA only via internet sales.  They want to sell it in the
USA as OTC drug.  OTC= Over-the-counter.

What's needed?  FDA approval is needed.  Oh! Oh!  More clinical trials.  But
hey, not bad actually.  Much, much cheaper than a pharmaceutical company
would spend getting a new drug to market.  This is just a OTC one.

The cost for FDA approval?  Minimum and they say Minimum '$20 Million
Dollars' -just for FDA approval.  They actually expect the final approval
costs to be $30 Million and that's a deal... after all it's not a real drug
eh?

Now this drug is approved in Canada but I've no data on approval costs here.
This drug is NOT made in someone's basement, Not by part time students, NOT
cooked on your regular type stove top nor stored in your kitchen fridge.

This is a new company (say 5 years old) and was it's start-up drug.  I
cannot imagine the costs to get it rolling... building, equipment,
scientists, etc.  Mind boggling I'm sure.

Now they are going to throw $30,000,000.00 at the FDA.  Somebody has to pay
for that 30 mil, and then some else the process stops.  The world does not
become a better place.  We all start dying earlier and in more pain.

That's just the way it is.  say there is no profits... top of my head...
Cuba, China.  Any ground-breaking drugs, medical stuff coming out of there?
I think somewhere they still rely heavily on sticking 50 or so needles in
you at one time.  Don't think that works for diabetes.

Profits do tho.

--
Dave, T2, Canada
guy - 02 Mar 2006 16:10 GMT
>> (from current thread:  McDonalds again)
>>
[quoted text clipped - 50 lines]
>I think somewhere they still rely heavily on sticking 50 or so needles in
>you at one time.  Don't think that works for diabetes.

I worked for a research firm in the early seventies.  It loaded
up with overpaid, low productive people with doctorates.

It did not take long for it to fail,

I see no benefit to me in the TV advertising of
prescription drugs and  profits that are not
reinvested in the company  but paid as gross
excess salaries.

The wizard of Oz and so much more is skilled
fiction.

Did you ever work with some of the scientist
educated in the socialized countries.   I
have. Lots of fiction here..

As I tell so many,  It does not matter to me,
I will be long gone before the bubble
bursts   I do believe the clue is to treat all
fairly and expect to be treated fairly..
                                         Guy

You would not like my comments on Cuba and China.
Grandpa Chuck - 02 Mar 2006 16:57 GMT
>> (from current thread:  McDonalds again)
>>
[quoted text clipped - 52 lines]
>
>Profits do tho.

All they need to do to get around that is to call it a food supplement
and sell it in the aisle where vitamins, minerals, and other
supplements are sold.

Signature

Grandpa Chuck
-ô¿ô-
 ~

The following information is given with the utmost respect
for the armed forces and civilians who have died in the
current war in Iraq. According to http://icasualties.org/oif/
The number of Americans killed in Iraq as of Mar. 1, 2006 is 2,298.
Americans wounded = 16,653
United Kingdom = 103
Other = 103  
Iraqi deaths in excess of 30,000 - probably many more.

Today, March 2, 2006
It has been 1036 days since Bush declared,
"Mission Accomplished in Iraq."

Vicki Beausoleil - 02 Mar 2006 17:31 GMT
>>>(from current thread:  McDonalds again)
>>>
[quoted text clipped - 56 lines]
> and sell it in the aisle where vitamins, minerals, and other
> supplements are sold.

That's how it's sold in Canada. Every discount store has it. There's
probably something in it that requires FDA approval to be sold as a drug.

It's not a drug, it's a supplement. I suspect part of it has to do with
the US getting PO'd about drug sales from Canada. Political influence.
Surprise...
Betcha if it was an American company, it'd be in every store in the nation.

Vicki
Grandpa Chuck - 02 Mar 2006 17:54 GMT
>>>>(from current thread:  McDonalds again)
>>>>
[quoted text clipped - 66 lines]
>
>Vicki

The current administration in this country is so paranoid of anything
that is not from one of their controlling companies. Frankly I am
surprised there aren't more things that we can't buy. You can bet
there is at least on of the big American drug companies looking into
this product to see if they can market it as a prescription drug and
make their thirty pieces of silver from it.

Signature

Grandpa Chuck
-ô¿ô-
 ~

The following information is given with the utmost respect
for the armed forces and civilians who have died in the
current war in Iraq. According to http://icasualties.org/oif/
The number of Americans killed in Iraq as of Mar. 1, 2006 is 2,298.
Americans wounded = 16,653
United Kingdom = 103
Other = 103  
Iraqi deaths in excess of 30,000 - probably many more.

Today, March 2, 2006
It has been 1036 days since Bush declared,
"Mission Accomplished in Iraq."

guy - 02 Mar 2006 22:41 GMT
>>>>(from current thread:  McDonalds again)
>>>>
[quoted text clipped - 66 lines]
>
>Vicki

Resulin was developed in Japan and the rights bought by a US company

Metaformin was an European product and bought by A US Firm.

Both had to be qualified to the FDA.

The time release version of Metaformin was introduced near the
patent expiration of the original. item,

This seems to be business instead of research. I do read
financial papers and the blurbs to stock analysts.
                                             Guy
Slap - 02 Mar 2006 20:59 GMT
> >>"guy" <guys@consolidated.neet> wrote in message
> >> (from current thread:  McDonalds again)
[quoted text clipped - 11 lines]
> and sell it in the aisle where vitamins, minerals, and other
> supplements are sold.

As Vicki stated that is the way it is sold in Canada.

The article I quoted is in our newspaper of a day or so ago (2/28/06).  Guy
is always talking about the huge profits and getting ripped off by the
drug/strip companies so I just wanted to show him what it costs to get FDA
approval on one drug.  By the way the article says it also takes around 3
years in time.  I guess the trials.

On re-reading the article I believe Cold-Fx wants to go this route... you
guessed it to make more money.  Gotta recover their initial investment and
then some I guess.

They are also looking at FDA approval for NDD (new dietary ingredient )
which has less strict regulations than OTC (over the counter).

Anyway it was just all about the cost before the product is sold.  Very
expensive this medical stuff.

--
Dave, T2, Canada
Sleepyman - 02 Mar 2006 18:23 GMT
>> (from current thread:  McDonalds again)
>>
[quoted text clipped - 52 lines]
>
>Profits do tho.

If it is OTC, all they have to do is call it a dietary supplement, and
ba boom, no regulation, no proof of efficacy needed.

Sleepy

------------------------------------------------------------------
It is easier to make a saint out of a libertine than out of a prig.
-George Santayana (1863-1952)
------------------------------------------------------------------
Chief - 02 Mar 2006 22:46 GMT
>> (from current thread:  McDonalds again)
>>
[quoted text clipped - 59 lines]
> --
> Dave, T2, Canada

I'm sorry I missed the beginnings of this. Just my disjointed two cents.

Business is in business to make money. The drug industry has, in the
past, worked with a much more demanding FDA and has still has made tons
of money.

If it was so hard to be in the drug business it wouldn't have grown into
the multibillion dollar industry it is today. The current FDA is staffed
by the industry and is pretty much a rubber stamp.

The advertising value of an FDA approval is a fantastic bargain. Thirty
million dollars is nothing when comparied to a national Ad campaign. Just
look at the cost of one Super Bowl Ad. Add to that the value of access to
the largest consumer base in the world provides and the cost is cheap.

All business is amoral and to expect them to police themselves is the
beginnings of a fantasy tale that will always become a nightmare. Look at
the media industry, for years they set and upheld the standards for
journalism taught at the top teir schools. Then along comes a Rupert
Murdock, who is completely profit driven, and soon we lost any
objectivity that was left. Look at tobacco, exploding Pintos, sidewall
blowouts, flammable dolls, lead paint and all the other products that
would still be sold if it were not for non industry controlled oversight
of some type.

Crying for any industry's plight is fairly foolish for a consumer these
days, particularly the drug industry.

Industry has more access and influence to our elected reps than we, the
voters/consumers, do. They have always played a large role in writing the
laws for their industries but today even the pretense of fair play is
gone.

The Madison avenue hype the drug industry is using to peddle their
particular brand of snake oil reminds me of the same tactics the TV
preachers use daily to extort a few bucks from folks who would be better
served buying a lotto ticket than some rediculous 'wealth prayer' or a
bobbleheaded Jesus doll so some fat preacher could get a new wing on his
castle sized home.

In today's world, American consumers are treading water in an ocean full
of industry sharks on a feeding frenzy who like all sharks are short
sighted and stupid animals content to feed until there is no prey left to
sustain their own lives.

For a few years greed was in check and we really seemed to get it right.
Industry hired workers, paid the well and the workers in turn brought the
products they made with pride.

Then the irrational protuberance found atop the neck of many a CEO
decided that shady accounting, wholesale firings, and overpriced, over
hyped shoddy products were the road to higher profits.

Sorry Dave, I don't feel an ounce of compassion for any industry on the
planet these days and in my experience giving business an inch takes a
mile away from labor and the consumer.

Gene, T2, Made in the USA
 
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