Having done a little drug development work it has always mystified my why so many of my student friends have a high level of distrust for pharma. After all, if they didn’t provide new therapies, where would we be?
Yes, there are many aspects of their business model that are questionable, but the truth is that most pharma companies aren’t doing as well as we might think. It seems the answer probably lies much deeper and in this Adweek article a number of studies are outlined that try to answer this question.
One of the big reasons researchers have discovered is the fact that people don’t want to be sick enough to need drugs. The article also concludes that safety scares undermine people’s faith in the drugs themselves. And the public doesn’t trust pharma to share adverse info on their meds, further undermining that faith–and hurting pharma’s rep.
I have my own theory that is based on more abstract philosophical reasoning (i.e. I have little proof for this). It derives from the fairly obvious fact that people innately believe that healthcare, like education, should be free, or at least provided as cheaply as possible. But big pharma, like the American private health providers, are an antithesis of this sentiment. Anything you have to pay for when you are desperately sick comes from someone that cannot have a heart.
Whatever the reasons for peoples feelings, it would be great to see a poll on how misguided many of my young colleagues are on this matter. Nevertheless, there is also a lot of work to be done in examining the pharma business model. Surely there are ways that drugs can be produced more cheaply.
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