Don’t stories like this make you all warm and fuzzy inside…
“There’s never been a big market for Ebola vaccines,” said Thomas W. Geisbert, an Ebola expert here at the University of Texas Medical Branch in Galveston, and one of the developers of the vaccine that worked so well in monkeys. “So big pharma, who are they going to sell it to?” Dr. Geisbert added: “It takes a crisis sometimes to get people talking. ‘O.K. We’ve got to do something here.’ ”
To that point, the research may have cost a few million dollars, but tests in humans and scaling up production can cost hundreds of millions, and bringing a new vaccine all the way to market typically costs $1 billion to $1.5 billion, Dr. Crowe said. “Who’s going to pay for that?” he asked. “People invest in order to get money back.”
A wonderful article from NY Times and that represents everything that’s wrong with the pharmaceutical industry. I’ve said it before and I’ll say it again, some things belong in the realm of governments. Things like vaccine, technological or scientific research should be done by primarily by governments because sometimes you can’t financially qualify how much something will cost, risk to others and when the return on investment will come.
Is anyone surprised that for profit health care sat on this, of course not there’s no money to be made and that’s exactly why the industry needs reform. We need to start doing things for the good of society rather than to make money, god I hate capitalism so much.