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Prescription Drugs cost pennies to produce!

Googer

Googer

Lifer
[*]I don't want to bother the person at the bottom of this message who's email is listed. I am sure she is being bombarded with questions. Can anyone find this on snopes because I can't.


These costs do not reflect other expences drug companies have.


[*]Now, before you read this; Keep in mind that these companies have salaries to pay so this email only reflects a possible percentage (raw material cost) of what it takes to produce drugs and does not include building, equipment, energy, and reasearch costs.




> I can't verify all of info, but I know some of it is true and that alone
> is enough to p*ss me off.
>
> ..let's hear it for Costco!! (This is just mind-boggling!)
> Make sure you read all the way past the list of the drugs
>
> The woman who signed below is a Budget Analyst out of federal
> Washington, D.C. offices.
>
> Did you ever wonder how much it costs a drug company for the
> active ingredient in prescription medications? Some people think it
> must cost a lot, since many drugs sell for more than $2.00 per tablet.
> We did a search of offshore chemical synthesizers that supply the active
> ingredients found in drugs approved by the FDA. As we have revealed in
> past issues of Life Extension, a significant percentage of drugs sold in
> the United States contain active ingredients made in other countries.
> In our independent investigation of how much profit drug companies
> really make, we obtained the actual price of active ingredients used in
> some of the most popular drugs sold in America.
>
> The chart below speaks for itself.
>
> Celebrex 100 mg
> Consumer price (100 tablets): $130.27
> Cost of general active ingredients: $0.60
> Percent markup: 21,712%
>
> Claritin 10 mg
> Consumer Price (100 tablets): $215.17
> Cost of general active ingredients: $0.71
> Percent markup: 30,306%
>
> Keflex 250 mg
> Consumer Price (100 tablets): $157.39
> Cost of general active ingredients: $1.88
> Percent markup: 8,372%
>
> Lipitor 20 mg
> Consumer Price (100 tablets): $272.37
> Cost of general active ingredients: $5.80
> Percent markup: 4,696%
>
> Norvasec 10 mg
> Consumer price (100 tablets): $188.29
> Cost of general active ingredients: $0.14
> Percent markup: 134,493%
>
> Paxil 20 mg
> Consumer price (100 tablets): $220.27
> Cost of general active ingredients: $7.60
> Percent markup: 2,898%
>
> Prevacid 30 mg
> Consumer price (100 tablets): $44.77
> Cost of general active ingredients: $1.01
> Percent markup: 34,136%
>
> Prilosec 20 mg
> Consumer price (100 tablets): $360.97
> Cost of general active ingredients $0.52
> Percent markup: 69,417%
>
> Prozac 20 mg
> Consumer price (100 tablets) : $247.47
> Cost of general active ingredients: $0.11
> Percent markup: 224,973%
>
> Tenormin 50 mg
> Consumer price (100 tablets): $104.47
> Cost of general active ingredients: $0.13
> Percent markup: 80,362%
>
> Vasotec 10 mg
> Consumer price (100 tablets): $102.37
> Cost of general active ingredients: $0.20
> Percent markup: 51,185%
>
> Xanax 1 mg
> Consumer price (100 tablets) : $136.79
> Cost of general active ingredients: $0.024
> Percent markup: 569,958%
>
> Zestril 20 mg
> Consumer price (100 tablets) $89.89
> Cost of general active ingredients $3.20
> Percent markup: 2,809%
>
> Zithromax 600 mg
> Consumer price (100 tablets): $1,482.19
> Cost of general active ingredients: $18.78
> Percent markup: 7,892%
>
> Zocor 40 mg
> Consumer price (100 tablets): $350.27
> Cost of general active ingredients: $8.63
> Percent markup: 4,059%
>
> Zoloft 50 mg
> Consumer price: $206.87
> Cost of general active ingredients: $1.75
> Percent markup: 11,821%
>
> Since the cost of prescription drugs is so outrageous, I thought
> everyone knew should know about this. Please read the following and
> pass it on. It pays to shop around. This helps to solve the mystery as
> to why they can afford to put a Walgreen's on every corner. On Monday
> night, Steve Wilson, an investigative reporter for Channel 7 News in
> Detroit, did a story on generic drug price gouging by pharmacies. He
> found in his investigation, that some of these generic drugs were marked
> up as much as 3,000% or more. Yes, that's not a typo.....three thousand
> percent! So often, we blame the drug companies for the high cost of
> drugs, and usually rightfully so. But in this case, the fault clearly
> lies with the pharmacies themselves. For example, if you had to buy a
> prescription drug, and bought the name brand,
> you might pay $100 for 100 pills.
>
> The pharmacist might tell you that if you get the generic
> equivalent, they would only cost $80, making you think you are "saving"
> $20. What the pharmacist is not telling you is that those 100 generic
> pills may have only cost him $10!
>
>
> At the end of the report, one of the anchors asked Mr. Wilson
> whether or not there were any pharmacies that did not adhere to this
> practice, and he said that Costco consistently charged little over their
> cost for the generic drugs.
>
> I went to the Costco site, where you can look up any drug, and
> get its online price. It says that the in-store prices are consistent
> with the online prices. I was appalled. Just to give you one example
> from my own experience, I had to use the drug, Compazine, which helps
> prevent nausea in chemo patients.
>
> I used the generic equivalent, which cost $54.99 for 60 pills at
> CVS. I checked the price at Costco, and I could have bought 100 pills
> for $19.89. For 145 of my pain pills, I paid $72.57. I could have got
> 150 at Costco for $28.08.
>
> I would like to mention, that although Costco is a "membership"
> type store, you do NOT have to be a member to buy prescriptions there,
> as it is a federally regulated substance. You just tell them at the
> door that you wish to use the pharmacy, and they will let you in. (this
> is true, I went there this past Thursday and asked them.) I am asking
> each of you to please help me by copying this letter, and passing it
> into your own email, and send it to everyone you know with an email
> address.
>
> Sharon L. Davis
> Budget Analyst
> U.S. Department of Commerce
> Room 6839
> Office Ph: 202-482-4458
> Office Fax: 202-482-5480
> Email Address: sdavis@doc.gov
 
I'm sure there's some truth in it, but you're really paying for all the time and money spent by the company to figure out how to make the thing.
 
This is even worse than the argument that CD's should cost $1 because that's what the raw materials cost.

Absolute BS, & anyone with half a grain of common sense should be able to see right through it.

Viper GTS
 
And what was the cost of research, development, and "everything" else that went into each tablet?
Yes I know they are expensive and can be cheaper, but 30,000% markup is completely false.
 
Too bad you can't sell prescription drugs on ebay 😛

Then all you'd need is to work there or somewhere when you can get them for way less than retail, & resell.

Ah wtf, i'm tired.

That'd be bad anyway, lol...
 
Originally posted by: n7
Too bad you can't sell prescription drugs on ebay 😛

Then all you'd need is to work there or somewhere when you can get them for way less than retail, & resell.

Ah wtf, i'm tired.

That'd be bad anyway, lol...
Click to expand...

No, but you can walk across the Mexican border with any prescription drug that you want and border patrol will inspect you then let you pass with them.
 
While some of the markup is to pay for R&D a good portion of it is because of lawsuits. Consider it a warranty cost of sorts that is built in. No company can test all drugs in an extensive enough manner to guarrantee no long term affects before they enter the market and the minute some surface the lawyers pounce and drain their bank accounts. All drugs that are less than 25 years old should be considered in "beta" and people should have to sign releases to take them or use the older proven alternatives. True negligence or covering up of known issues are a totally different matter.
 
Are those the prices paid for by the pharmacists or is that just the cost of the materials used to make the drug?

I would say that over 99 percent of the price we pay for drugs pays for research and development of the respective drug company. However with these markups, I'm not sure that it is fair to the consumer. Perhaps if our copyright laws weren't complete bullcrap and the companies could only charge such markups for 5 years or so and earning their millions of dollars, the consumer would pay less overall, etc, etc.

But then again, it takes over a decade sometimes for companies to produce these drugs so who is to say that 5 years will earn them enough capital to pay for all of their R&D? I don't know, but I agree that something needs to change within the medical industry.
 
You could have at least gotten rid of the >'s.

As has been said, anybody with half a brain knows that raw materials costs are only a fraction of nearly any businesses costs.

A McDonalds hamburger may only cost 50 cents to make. So what?
 
Originally posted by: Yossarian
I'm sure there's some truth in it, but you're really paying for all the time and money spent by the company to figure out how to make the thing.
Click to expand...

And market it.
 
Originally posted by: Eli
You could have at least gotten rid of the >'s.

As has been said, anybody with half a brain knows that raw materials costs are only a fraction of nearly any businesses costs.

A McDonalds hamburger may only cost 50 cents to make. So what?
Click to expand...

The real money maker is sodas. The paper cup costs more than the actual beverage, yet you pay, what is it... $1.79 for a large?
 
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