Cyber Ghost@lemmygrad.ml to Memes@lemmy.ml · 1 year agoCapitalism CookBook: Take an invention which the inventor wanted to be accessible to everyone and make it 57 times more expensive than it costed to make it 🧐🎩i.imgur.comimagemessage-square31fedilinkarrow-up1646arrow-down115cross-posted to: communism@lemmygrad.ml
arrow-up1631arrow-down1imageCapitalism CookBook: Take an invention which the inventor wanted to be accessible to everyone and make it 57 times more expensive than it costed to make it 🧐🎩i.imgur.comCyber Ghost@lemmygrad.ml to Memes@lemmy.ml · 1 year agomessage-square31fedilinkcross-posted to: communism@lemmygrad.ml
minus-squarePoopyPants69@lemmy.mllinkfedilinkarrow-up6·1 year agoHere’s an interesting paper about that https://waxmanstrategies.com/wp-content/uploads/2020/01/Nonprofit-Pharmaceutical-Companies-White-Paper.pdf Basically US tax codes make being a non profit pharma company very difficult. Non profits don’t appeal to investors. The supply chain is dominated by big pharma. Non profits still have to pay large fees to the FDA Medicaid forces a 23.1% rebate on the lowest priced drugs that make it difficult to keep their prices low. TLDR the Industry is not designed for non profits.
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Here’s an interesting paper about that https://waxmanstrategies.com/wp-content/uploads/2020/01/Nonprofit-Pharmaceutical-Companies-White-Paper.pdf
Basically US tax codes make being a non profit pharma company very difficult.
Non profits don’t appeal to investors.
The supply chain is dominated by big pharma.
Non profits still have to pay large fees to the FDA
Medicaid forces a 23.1% rebate on the lowest priced drugs that make it difficult to keep their prices low.
TLDR the Industry is not designed for non profits.
It’s there. Canada.