The Price of Drugs Part 3: Price Discrimination

In the previous post, I discussed about the marketing aspect of the drug prices. This post is part of the series that explains the price sensitivity. As you might guess, this remains connected to the first post of the series, where I discuss about orphan diseases. Price discrimination is a common practice that allows companies… Continue reading The Price of Drugs Part 3: Price Discrimination

The Price of Drugs Part 2: The Marketing

In the previous post I talked about the reasons that prices of the drugs are high, focusing on the factors of developing it. In this post, as promised I will discuss about the marketing practices. The price discrimination aspect will be separated to another post. Pharmaceutical company claims that the price is justified by the… Continue reading The Price of Drugs Part 2: The Marketing

The Price of Drugs (Part 1): The Development

I guess everyone have experienced going to the pharmacy and buying drugs for your sickness, surprised by the number in the bill. It is a general knowledge, drugs are expensive. Now, I want to discuss about it from all the angles I know, so that you might know a little better why and how this… Continue reading The Price of Drugs (Part 1): The Development