The Billion-Dollar Peptides Gold Rush
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Bloomberg article The Billion-Dollar Peptides Gold Rush. Peter Magic of Janoshik is mentioned along with his purple Ferrari.
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Bloomberg article The Billion-Dollar Peptides Gold Rush. Peter Magic of Janoshik is mentioned along with his purple Ferrari.
@BoxerLover Yup just saw on my social media feed too. Damn I'm wasting my time doing something else and just being a pep consumer here.
This is behind paywall if someone can copy paste or paraphrase the full article that would be great.
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Sorry @pep_researcher, here is a link to the full article for those that don't have access.
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Sorry @pep_researcher, here is a link to the full article for those that don't have access.
@BoxerLover Thanks I read the whole thing although skipping over some parts.
One thing that stands out is how big pharma immediately starts crying about risk to their innovation and billions of $$ spent on that and trials. Gimme a break!
They conveniently forget that no one would have gone to alternative sources if their novel compounds—meant to be life changing for MASSES—was available for $150-200 pm instead of $1200.
There are drugs on insurance formularies, meant for rare conditions, with list prices $5-7k. They are NOT on black market and people aren't seeking those in masses.
But big pharma wants their new compound to be used by millions yet want to extort $1200 pm, when the API comes from China/India to further squeeze out costs and pad margins. That's pure greed, and people aren't idiot to not recognize that and react to it!
Thanks for sharing the article.
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Bloomberg article The Billion-Dollar Peptides Gold Rush. Peter Magic of Janoshik is mentioned along with his purple Ferrari.
@BoxerLover oh and I forgot to note: much of that $1200 is towards that ridiculous plastic waste auto injector pen patent.
The compound cost is $200 but $1000 towards pen patent. Why? People can learn to use vials and noodles. Or at least give an option to choose instead of blanket forcing pen and patent costs on everyone's pocket.
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I always wonder how much $$$ big pharma is giving up because these things are priced so high that when insurance stops paying for it, people just end up stopping all together or finding a cheaper source. I would guess there are probably more that just end up stopping all together. My brother was on Victoza for a while when his insurance suddenly stopped covering it. He is a bit older, on a fixed income and was not even aware of a gray market alternative. To him, insurance stopped paying, so he was done. I told him what I have been paying for Reta and ultimately convinced him to have another discussion with his Dr. about trying Tirz since he said Victoza was not even working very well for him. His Dr. got him on Monjouro (in that same ridiculous pen), covered by his insurance for now. Hopefully he has success with it and if insurance decides at some point to stop covering it, he knows now where to go.
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I always wonder how much $$$ big pharma is giving up because these things are priced so high that when insurance stops paying for it, people just end up stopping all together or finding a cheaper source. I would guess there are probably more that just end up stopping all together. My brother was on Victoza for a while when his insurance suddenly stopped covering it. He is a bit older, on a fixed income and was not even aware of a gray market alternative. To him, insurance stopped paying, so he was done. I told him what I have been paying for Reta and ultimately convinced him to have another discussion with his Dr. about trying Tirz since he said Victoza was not even working very well for him. His Dr. got him on Monjouro (in that same ridiculous pen), covered by his insurance for now. Hopefully he has success with it and if insurance decides at some point to stop covering it, he knows now where to go.
@BoxerLover GLPs might singlehandedly drive for long pending healthcare reforms in this country. Or so is the hope.
The loot by insurance, PBM, and big pharma conglomeration is criminal at best, plus politician and regulators collusion in that loot.
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Them fighting for reta to be a biologic says everything to how much they know they are second hand hemorrhaging. And this isnt the end of it. Thats why i genuinely believe alot of these studies on other drugs have stopped until they can trojan horse reta into a biologic status. Then watch how many new drugs start rolling out. Were not talking billions anymore. They know they have the unlimited money glitch for the next 50 years. If this one thing goes right for them.
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I always wonder how much $$$ big pharma is giving up because these things are priced so high that when insurance stops paying for it, people just end up stopping all together or finding a cheaper source. I would guess there are probably more that just end up stopping all together. My brother was on Victoza for a while when his insurance suddenly stopped covering it. He is a bit older, on a fixed income and was not even aware of a gray market alternative. To him, insurance stopped paying, so he was done. I told him what I have been paying for Reta and ultimately convinced him to have another discussion with his Dr. about trying Tirz since he said Victoza was not even working very well for him. His Dr. got him on Monjouro (in that same ridiculous pen), covered by his insurance for now. Hopefully he has success with it and if insurance decides at some point to stop covering it, he knows now where to go.
@BoxerLover If Big Pharma loses money because people cannot pay out of pocket for GLPs, they will make it up in revenue from statins, diabetes medications, antihypertensives, and other forms of managed decline medications. Recent history proves that the Western medical industrial complex couldn’t care less if we are healthy, they just want to keep us alive as long as we remain profitable.
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@BoxerLover If Big Pharma loses money because people cannot pay out of pocket for GLPs, they will make it up in revenue from statins, diabetes medications, antihypertensives, and other forms of managed decline medications. Recent history proves that the Western medical industrial complex couldn’t care less if we are healthy, they just want to keep us alive as long as we remain profitable.
they just want to keep us alive as long as we remain profitable.
I said it before in another thread — the rulers (and this includes all, big p, Eff Dee Aa, politicians, administration, legal system), want people to remain sick. Not healthy and alive, not sick and dead, but sick and barely alive. Because sick people are easy to manipulate and rule forever.
The only thing that's changing fast over the last decade or so is Internet and online forums like these are bringing far apart people together identifying this systemic rot, and they are reacting by creating alternatives for themselves. I don't know if they will be able to uproot the rot, but there's hoping.
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Them fighting for reta to be a biologic says everything to how much they know they are second hand hemorrhaging. And this isnt the end of it. Thats why i genuinely believe alot of these studies on other drugs have stopped until they can trojan horse reta into a biologic status. Then watch how many new drugs start rolling out. Were not talking billions anymore. They know they have the unlimited money glitch for the next 50 years. If this one thing goes right for them.
Thats why i genuinely believe alot of these studies on other drugs have stopped until they can trojan horse reta into a biologic status
Which studies have stopped? I thought we have at least 10 more incretins and amylin category compounds in phase 3 trials. All of them can't be biologic because they don't have 40+ amino acid chain.Nevertheless big p can line pockets of Eff Dee Aa and some ruling administration and change the definition of biologic too.
As much as I respect and honor the scientists who invent these molecules, the executive, corporate boards, politicians, and regulators are scumbags.
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Them fighting for reta to be a biologic says everything to how much they know they are second hand hemorrhaging. And this isnt the end of it. Thats why i genuinely believe alot of these studies on other drugs have stopped until they can trojan horse reta into a biologic status. Then watch how many new drugs start rolling out. Were not talking billions anymore. They know they have the unlimited money glitch for the next 50 years. If this one thing goes right for them.
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Thats why i genuinely believe alot of these studies on other drugs have stopped until they can trojan horse reta into a biologic status
Which studies have stopped? I thought we have at least 10 more incretins and amylin category compounds in phase 3 trials. All of them can't be biologic because they don't have 40+ amino acid chain.Nevertheless big p can line pockets of Eff Dee Aa and some ruling administration and change the definition of biologic too.
As much as I respect and honor the scientists who invent these molecules, the executive, corporate boards, politicians, and regulators are scumbags.
@pep_researcher its not stopping it more so dragging the tools. Taking longer to do something than needed. Why would you drop anything before that court case is done? It makes no financial sense.they know retas not a biologic either. Grandpah once said. Its not about what youre not guilty of its what you can prove. Legal Precedence was the phrase i was looking for.
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Sorry @pep_researcher, here is a link to the full article for those that don't have access.
@BoxerLover Thank you
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