SAN FRANCISCO — Senator Bernie Sanders is “a communist,” if you ask Donald Trump. And the president-elect has “dangerous and un-American” ideas for the future of the country, according to Sanders.

But both agree on at least one thing: The pharmaceutical industry is “getting away with murder.”

Unlock this article by subscribing to STAT Plus and enjoy your first 30 days free!

GET STARTED

What is it?

STAT Plus is STAT's premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond.

What's included?

  • Daily reporting and analysis
  • The most comprehensive industry coverage from a powerhouse team of reporters
  • Subscriber-only newsletters
  • Daily newsletters to brief you on the most important industry news of the day
  • Online intelligence briefings
  • Frequent opportunities to engage with veteran beat reporters and industry experts
  • Exclusive industry events
  • Premium access to subscriber-only networking events around the country
  • The best reporters in the industry
  • The most trusted and well-connected newsroom in the health care industry
  • And much more
  • Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr.

Leave a Comment

Please enter your name.
Please enter a comment.

  • Trump is making those statements just because he knows that in his new position he (or friends/family) can profit by sending stocks down periodically. Buy them just after the announcement and sell them weeks later when scare has passed

  • Many people and patients also want to expand the debate, scrutiny and action to expand medical device safety. Why not prescreen people to determine if device materials are “right for you” before being installed? https://www.statnews.com/2016/12/21/medical-devices-safety-congress/. It’s a pretty simple concept.

    Payers and the press should pay more attention. Not only will the outcomes be better health and lower health and long-term care costs, but this will reduce the need for drugs and lifetime medication management to treat the conditions and illnesses that result from immune reactivity to medical and dental materials not “right for you.” This is not uncommon, but often overlooked.

  • Around half the purported cost of developing a drug in the U.S. is spent on advertising, rather than fundamental research. Imagine the cost-savings if the money wasted on ads that no one bothers to read were dramatically cut.

    • indeed, in Europe, drugs advertising is forbidden. And agree, that the idea of high prices = more research is just poppycock. The vast majority of money is spent in lobbying, bribing and advertising

A roundup of STAT’s top stories of the day in science and medicine

Privacy Policy