The $800 Million Pill
Subtitle: The Truth behind the Cost of New Drugs
Edition: 1 edition
Publisher: University of California Press
Published: April 22, 2004
Language: eng
Format: Hardcover
Number of pages: 297
ISBN-13: 9780520239456
Subjects: Medicine: General Issues; Microeconomics; Pharmaceutical industries; Research; Industries - General; Drugs; Business / Economics / Finance; Prices; Medical; USA; Anthropology - General; General; Medical / General; Consumer education; United States; Finance; Pharmaceutical industry; Prescription pricing
First sentence: Eugene Goldwasser retired in 2002 after a forty-seven-year career as a biochemistry professor at the University of Chicago.
Description: "Drug companies insist that [prescription drug] prices reflect the millions they invest in research and development ... Merrill Goozner contends that American taxpayers are in fact footing the bill twice: once by supporting government-funded research and again by paying high prices for prescription drugs. Goozner demonstrates that almost all of the important and life-saving new drugs of the past quarter-century actually originated from research at taxpayer-funded universities and the National Institutes of Health ... [Goozner] suggests ways that the government's role in testing new medicines could be expanded to eliminate private-sector waste driving up the cost of existing drugs--p. [2] of jacket.