Word: xalatanã
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Pharmaceutical companies have always had a ready defense for high prices: given the hefty costs of drug development and the high chances of failure, they argue, big profits are necessary in order to fund continued R&D. Defending Xalatan??s price tag, a Pharmacia exec (that company has since been bought out by Pfizer) told the New York Times, “We are bringing forth innovation . . . and innovation always brings a premium.” True, but how much incentive do these companies really need? After all, taxpayer dollars paid for 85 percent of the basic...
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