Colchicine used to cost 10 cent/pill. But the FDA decided it needed to be tested and licensed, Price now $5.
]QUOTE] https://en.wikipedia.org/wiki/Colchicine "Oral colchicine had been used for many years as an unapproved drug with no FDA-approved prescribing information, dosage recommendations, or drug interaction warnings.[45] On 30 July 2009, the FDA approved colchicine as a monotherapy for the treatment of three different indications (familial Mediterranean fever, acute gout flares, and for the prophylaxis of gout flares[45]), and gave URL Pharma a three-year marketing exclusivity agreement[46] in exchange for URL Pharma doing 17 new studies and investing $100 million into the product, of which $45 million went to the FDA for the application fee. [/quote]
So half of the 100 million went to the FDA? Sound like institutional graft to anybody else?
AND, for that $45M, they got to patent an old drug for the same old use. Patent runs out in 2029. Generics are out there, but can not be sold for treating gout. IIRC, patents can not be granted for old ideas- least ways not for anything other than drugs. You can't patent the wheel barrow.
]QUOTE] https://en.wikipedia.org/wiki/Colchicine "Oral colchicine had been used for many years as an unapproved drug with no FDA-approved prescribing information, dosage recommendations, or drug interaction warnings.[45] On 30 July 2009, the FDA approved colchicine as a monotherapy for the treatment of three different indications (familial Mediterranean fever, acute gout flares, and for the prophylaxis of gout flares[45]), and gave URL Pharma a three-year marketing exclusivity agreement[46] in exchange for URL Pharma doing 17 new studies and investing $100 million into the product, of which $45 million went to the FDA for the application fee. [/quote]
So half of the 100 million went to the FDA? Sound like institutional graft to anybody else?
AND, for that $45M, they got to patent an old drug for the same old use. Patent runs out in 2029. Generics are out there, but can not be sold for treating gout. IIRC, patents can not be granted for old ideas- least ways not for anything other than drugs. You can't patent the wheel barrow.
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