Doctor Zhivago rip I am not an economist. This is hypothetical. I will take a real figure and a real policy and
I am going to draw conclusions that people with a vested financial interest will argue against. They would rather I not say such things.
This is about automatic shipments of new pharmaceuticals. Recently, it was 3 pieces of Symbicort. $437.51 worth. Automatically shipped to the store.
There are about 55,000 pharmacies in the USA. Times $437.51 = $24,063,000.00.
This is an inhalation product, so the cost to manufacture is more than tablets. We all have a good idea of what pharmaceuticals actually cost the manufacturers to make. (We all know also who is making the big bucks in our industry, but that is another talk we’ll have some day) Let us guess that the net net value to produce this stuff is $5.00 x 3 = $15.00.
Remember, this is hypothetical, me just having some fun. I contend that there never has to be a prescription written for Symbicort and the company will make a substantial profit.
Really. No prescriptions, nada.
Say that only half of the pharmacies remember to return the product in a timely
manner. Let’s really stretch out here and say that they go outdated, that the pharmacy will lose the entire value.
That leaves about $11,600,000.00 profit split between the company and the wholesaler without us selling one prescription. Is this fuzzy thinking on JP’s part?
We have a very small slice of the profit pie these days. That’s wrong and as long as the manufacturers can count on
mullti-million dollar paydays just to bring a drug out, our slice will stay the same.
I always hated the auto shipped medicines. They were just extra work.