asks the vampire squid (goldman sachs)
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- Analyst Salveen Richter and colleagues laid it out: "The potential to deliver 'one shot cures' is one of the most attractive aspects of gene therapy, genetically engineered cell therapy, and gene editing. However, such treatments offer a very different outlook with regard to recurring revenue versus chronic therapies... While this proposition carries tremendous value for patients and society, it could represent a challenge for genome medicine developers looking for sustained cash flow."
That was a bad thing to say.
A lot of people already consider GoldMan Sachs to be the devil incarnate. More people will now. Those people vote.
Perhaps it's time to break up GoldMan Sachs? It's bigger than Amazon and there is serious talk about breaking up Amazon.
Yeah this would never work for the vamp squids out there...
Unfortunately, curing patients is not a profitable business model. Investors are unlikely to give their money to a develop a medicine that won't pay dividends for many years treating the patients' symptoms in contrast to a small time period where everyone is cured. The thing about Salveen Richter is that he doesn't want to find ways that stop this problem, but rather warn investors from putting money into life-saving medicines such as HARVONI. Anyone looking at this objectively realizes this is all due to the way freemarket forces work. It is the nature of the Beast.
and what is the alternative?
and how has the alternative worked out?
Characters like this think that money gives them the right to make decisions to the detriment of other people ... let's hope God gives you good health and you never need gene therapy, genetically engineered cell therapy, and gene editing (well, I do not know if He believe in God) ... Money helps a lot medical care but there are diseases that do not respect the wallet; I have seen "a lot of water go under the bridge"
I have said for a long time that my body/health is NOT a commodity to be bought and sold on the market. Healthcare should not be run in a capitalistic system, take it out of the system so people can get the care they need. I have no love for Goldman but unfortunately what they said about healthcare is true.
Healthcare should not be run in a capitalistic system
what kind of system will run it then?
How well has it turned out when and where it's been tried.
I hear Venezuela is kinda nice this time of year.
One where profit is essential. Healthcare can not make money if the true goal is health. Sickness and disease can make money through sales of pharmaceuticals, but that requires people stay sick.
nothing survives if it can't make a profit...unless it's subsidized.
The entity that does the subsidizing...how does it get it's money?
From profit?
or theft?
Wow
great post
and they just lay it out there. 😥