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Home > Medical > Health Care Delivery > The $800 Million Pill: The Truth behind the Cost of New Drugs
The $800 Million Pill: The Truth behind the Cost of New Drugs
by Goozner, Merrill
 
 
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The $800 Million Pill: The Truth behind the Cost of New Drugs
Why do life-saving prescription drugs cost so much? Drug companies insist that prices reflect the millions they invest in research and development. In this gripping exposé, Merrill Goozner contends that American taxpayers are in fact footing the bill twice: once by supporting government-funded research and again by paying astronomically high prices for prescription drugs. Goozner demonstrates that almost all the important new drugs of the past quarter-century actually originated from research at taxpayer-funded universities and at the National Institutes of Health. He reports that once the innovative work is over, the pharmaceutical industry often steps in to reap the profit. Goozner shows how drug innovation is driven by dedicated scientists intent on finding cures for diseases, not by pharmaceutical firms whose bottom line often takes precedence over the advance of medicine. A university biochemist who spent twenty years searching for a single blood protein that later became the best-selling biotech drug in the world, a government employee who discovered the causes for dozens of crippling genetic disorders, and the Department of Energy-funded research that made the Human Genome Project possible--these engrossing accounts illustrate how medical breakthroughs actually take place. The $800 Million Pill suggests ways that the government's role in testing new medicines could be expanded to eliminate the private sector waste driving up the cost of existing drugs. Pharmaceutical firms should be compelled to refocus their human and financial resources on true medical innovation, Goozner insists. This book is essential reading for everyone concerned about the politically charged topics of drug pricing, Medicare coverage, national health care, and the role of pharmaceutical companies in developing countries.


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Title of ebook: The $800 Million Pill: The Truth behind the Cost of New Drugs
ISBN: 9780520939288
parent-ISBN: 9780520239456
Publisher: University of California Press
Pages: 297
Published: 04-2004
Released online for download: 04-22-2004
Author of eBook: Goozner, Merrill

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The $800 Million Pill

The Truth behind the Cost of New Drugs

Chapter One

Me Too

President Franklin Delano Roosevelt had every reason for optimism in the winter of 1936. He had just won reelection in a landslide, and the prospects for the more far-reaching of his New Deal reforms never looked brighter. But just before Christmas, close aides brought word that his only son, Franklin Delano Jr., had a bad case of tonsillitis. With her son's fever soaring, Eleanor Roosevelt called in White House physician George Tobey Jr. He feared the worst. The infection had seeped into the blood, which in those days was a potentially fatal condition.

More out of desperation than any sense that it might help the young man, Tobey gave the president's son a new German drug called Prontosil. When news of the drug first appeared in the medical literature a year earlier, most American doctors scoffed. How could a derivative of a chemical dye cure a bacterial infection? But to Tobey's surprise, young Roosevelt's fever quickly subsided. A few days later the press heralded bot ... read full excerpt from: The $800 Million Pill: The Truth behind the Cost of New Drugs ebook



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