back in 2005 the FDA approved aid
a cancer drug known as necks a bar it helps treat those who have a late stage
kidney and liver cancer
well unfortunately this treatment comes with a huge price tag it cost about
sixty nine
thousand dollars a year at minimum
for someone in the US to take it well India
the country in India has a a law that allows a different company
to take our patent and create the same drug if
the Western company or the Western pharmaceutical company is charging too
much for it
so and Indian Court recently granted
a patent to a company known as not cope Pharma limited
because they wanted to ensure that its people would be able to use the drug
so instead of having to pay $69 thousand dollars for it
the people of India can get it for 177 dollars which is a huge difference
so let me jump in here to see a couple fun facts
um that's a 97 percent discount yet so I understand why bears upset
work there amazing part is the CEO's they've already it soon as I can
but here's one other interesting fact if they paid the
for price is sixty nine thousand dollars that would be 41 times
the country's annual per capita income yep 41 times
there per capita income is that amazing
and beer things here you know you'll be able to afford that like two people in
India will be able to afford it
okay so the CEO bear the kids upset at this ruling
and says something that is on believable
so the CEO was actually speak in a Bloomberg Businessweek and he is trying
to appeal the Indian court's decision
to %uh allowed his patent for another company
he said the following: we did not develop this medicine for
indians we developed it for Western patients
who can afford it all of of Pau
lol fixed that's a better face that would say
anything like that does he look so smile ago blaze went about this for
India ends with about the home westerners
or rich but in that a perfect example for people who try to argue that we
should deregulate
all private industry right because the the argument against that is
what corporations pharmaceutical companies it's not that they're immoral
their
a moral right even though in this case when he said in my opinion is
immoral they care about their profit
the profit motive gets rid any type of morality he doesn't care how many people
are gonna die because they can't afford
this cancer treatment he cares about how much is company is gonna make
that all that matters so it's is fascinating and and a little ironic in
this case because
the company actually needs regulation to survive because the in the
in the case have of patton's what is its regulations saying that
Hey look people can't rip you off now understand that bear has a
a reasonable expectation a profit here and look so let's be fair that right
so they spent a lotta money developing this drug it's not that the
drug costs so much to make it's the cost so much to actually
create right and a lot of drugs a day spent a lot of money trying to create
didn't work out
so they gotta make up for that yeah okay so we all understand that we understand
the need a pat
right but 69 thousand dollars a year
see but when you first then yeah when you violate all boundaries in
right and people are dying they're dying without this drug in India
and then you say I'm sorry it's not for you indians is for us westerners
well that that's what the court is going to come in and say hey listen I know we
set the regulation to protect you
but now we're gonna do some regulation to protect our citizens and then they go
i cant believe youre doing regulation yeah so
so I wanna make a point about how you know of course he said this is for
westerners but that the second part was the most relevant to me
that can be of boarded that can pay for it
so doesn't matter I mean it in the grand scheme of things
white versus black and white person Indian whatever westerner verses Indian
all that stuff doesn't really matter again always goes back to the cost
always goes back to who can afford it if your second class citizen
if you are part of the working poor or if your part in the middle class but
can't afford sixty nine thousand dollars a year because let's keep it real
people even make sixty nine thousand dollars a year in the United States with
are stagnant wages and all that right
I mean it you that to think that someone
can be so open about how he is okay with people
dying because they don't have the means to afford it cancer treatment
is this gusting he's the kinda person that you know we should be talking about
in the mainstream media tearing him apart you know if they're having
conversations about Wendy Davis and whether or not there were discrepancies
in a biography so
stupid okay so let me clarify couple important things you know so hundreds
seven seven dollars per person in India
what seems like that's not that much rain and especially given what they're
trying to charge
you know that in america if you have insurance you know what you pay
you pay only a hundred dollars usually pay less than average Indian does
even with the ruling now who pays the rest
the insurance companies do so it actually cause ninety six thousand
dollars a year
on average but the insurance companies cover that
but is the only pitchers companies do it for free they've
that's what drives up for sure prices yet right so
now the average guy get here actually is a better price in India
but we all pay that price cuz we all pay into the insurance
so in the end we get screwed to
so look we they have a reasonable expectation a profit in there's a good
reason for patents
but when you abuse at this much it obviously producers a Calgary action
now you need your help to counter reaction with what you said
I got bad news for you CEO bear you're never gonna win in the court
ever again hoping to do is in that appeal
they're all the water has to come in is come in and read that quote
area we did not develop this man is a perk indians we developed over Western
pressures who can afford it
and the judge is gonna be like oh yes interesting You're yeah
okay gone and uv-vis you know what to use for 177 dollars
is now 100 77 cents