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One-shot cures for diseases are not great for business—more specifically, they’re bad for longterm profits—Goldman Sachs analysts noted in an April 10 report for biotech clients, first reported by CNBC.
The investment banks’ report, titled “The Genome Revolution,” asks clients the touchy question: “Is curing patients a sustainable business model?” The answer may be “no,” according to follow-up information provided.
[...] 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.
[...] Ars reached out to Goldman Sachs, which confirmed the content of the report but declined to comment.
(Score: 0) by Anonymous Coward on Monday April 16 2018, @01:46PM
Ah, nice to see some "rational" bigotry going on here.
The point is that they have a system where the money is aligned with the best interests of the patients to a much larger degree than in the US.
Also, despite your arrogant chortles, the medical system in Europe and the US at the same time that those "witch doctors" were the main source of medicine was hardly any better. They'd have people taking all sorts of weird treatments with no particular evidence of efficacy, but they'd be making money directly off the cures that ranged from questionable to fraudulent to downright dangerous.
Homeopathy is something that people like you like to trot out because it's an easy target for pot shots, the more typical treatments for things involve herbal remedies which remain the main source of pharmaceuticals in the current era. We've just recently gotten to the point where we can do things that don't require a plant to do it first. And yet, you make it sound like we're centuries further ahead of those practices than we are. Western medical science isn't as advanced as people like you would have us believe. We're still behaving like bacteria cause illness when there's scant evidence to support that version for most diseases. It's superstition that kills a lot of people.