Generic version of a drug already on the market, which can suppress and prevent HIV, would still yield 30% profit if the current price was slashed, researchers say
cough I believe if 40$ means 30% profit, then the cost to produce it is 28$. With the current price of it being 42,250$, this means the profit rate is 42,250$/28$*100%=150,892%.
In words, one hundred fifty thousand percent.
It’s insane. Even if I am wrong and it’s 3000% or 30,000% profit on a product funded by tax-payer money, it’s insane and should be criminal.
cough I believe if 40$ means 30% profit, then the cost to produce it is 28$. With the current price of it being 42,250$, this means the profit rate is 42,250$/28$*100%=150,892%.
In words, one hundred fifty thousand percent.
It’s insane. Even if I am wrong and it’s 3000% or 30,000% profit on a product funded by tax-payer money, it’s insane and should be criminal.