Re: Lipitor - availability?

Tchiowa wrote:

Not billions. Tens of billions. And, yes, that kind of money exists in
Africa. As someone who has lived in sub-Saharan Africa for close to a
decade (roughly half of my time over the last 2 decades in Nigeria, DR
Congo, Angola, Congo, Benin) I can tell you that there is already a
multi-billion dollar market for drugs to alleviate the symptoms of
malaria and that the governments already spend tens of billions of
dollars a year treating malaria and that they would just *love* to
spend half of that preventing it.

Per Capita Total Expenditure on Health:

Nigeria: 43; DR Congo 14; Angola 92; Congo: 25; Benin 44

USA: 5274; Canada: 2931

do the math...these governments spend "tens of billions of dollars a year treating malaria"? not on this planet...

i'm sure big pharma is just dyin' to exploit these markets where you've lived... Angola, the one with the highest per capita expenditure on health, has an annual budget of $9 billion... total annual sales of SSRIs come in at around 5 or 6 billion, erection drugs do around 3 billion, Lipitor breaks 10... around 50% of big pharma's sales are in the NA market...

when i said "money spent", i meant sales... i didn't phrase that clearly... i also didn't know that big pharma's big money was in drugs for the fat these days... another reason for them to lust after the african market in your delusional system?

your suggestion that losses incurred due to "illegal" generics are keeping big pharma from developing malaria and aids drugs for sub-sharan africa is absurd on the face of it...


so is the profit diverted into shareholder pockets from these drugs...
can you take all that in?


Do you realize how naive that statement is?



Daily Health Policy Report
Prescription Drugs | Pharmaceutical Industry Ranks as 'Most Profitable' in 'Fortune 500'
[Apr 20, 2001]

The pharmaceutical industry has proved "largely immune to the economic gyrations" that shook several other industries this year, making the industry "more profitable than any other," according to the new "Fortune 500" rankings. Fortune reports that the introduction of new pharmaceuticals and increased sales of patented "blockbuster" drugs helped create "a steady stream of revenues" for drug makers. The drug industry was the most profitable sector in 2000, posting an 18.6% return on revenues and a 17.7% return on assets. The pharmaceutical industry was ranked second in return on shareholders' equity, with a 29.4% profit rate. Merck & Co. and Bristol-Myers Squibb both ranked among the magazine's 20 most profitable companies. Merck took 11th place with $6.8 billion in profits and Bristol-Myers Squibb finished 19th with profits of $4.7 billion. Pfizer, which saw its revenues rise 82.5% last year, ranked fourth in overall market value with $243.2 billion. Amgen, Eli Lilly, Schering-Plough and Bristol-Myers Squibb all ranked among the top 20 companies producing the largest return on revenues. Within the drug industry, Merck posted the largest total revenue with $40.3 billion, followed by Pfizer with $29.5 billion, Johnson & Johnson with $29.1 billion, Bristol-Myers Squibb with $21.3 billion and Pharmacia with $18.1 billion.

get a clue, little fella...naivety is in the eye of the beholder...


michael

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