Tevi Troy
👤 SpeakerAppearances Over Time
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So there's a lot of other factors here besides just what President Trump is talking about.
So there's a lot of other factors here besides just what President Trump is talking about.
So there's a lot of other factors here besides just what President Trump is talking about.
Yeah, it's a really great question. And there's a lot of really great points you made, including the fact that generics are indeed cheaper here. It is incredibly expensive to bring products to market. The FDA has very rigorous testing, but also a huge skepticism towards the pharma industry, which makes it hard to get products through. The trial lawyers then sue the pants off these companies.
Yeah, it's a really great question. And there's a lot of really great points you made, including the fact that generics are indeed cheaper here. It is incredibly expensive to bring products to market. The FDA has very rigorous testing, but also a huge skepticism towards the pharma industry, which makes it hard to get products through. The trial lawyers then sue the pants off these companies.
Yeah, it's a really great question. And there's a lot of really great points you made, including the fact that generics are indeed cheaper here. It is incredibly expensive to bring products to market. The FDA has very rigorous testing, but also a huge skepticism towards the pharma industry, which makes it hard to get products through. The trial lawyers then sue the pants off these companies.
And this is part of a 30-plus year war that I talk about in Commentary Magazine. where the trial lawyers and Hollywood and the Democratic Party and now, unfortunately, the Republican Party are constantly demonizing Big Pharma, imposing new restrictions on them, doing new lawsuits on them, making them the bad guys in all the movies. And that makes them unpopular.
And this is part of a 30-plus year war that I talk about in Commentary Magazine. where the trial lawyers and Hollywood and the Democratic Party and now, unfortunately, the Republican Party are constantly demonizing Big Pharma, imposing new restrictions on them, doing new lawsuits on them, making them the bad guys in all the movies. And that makes them unpopular.
And this is part of a 30-plus year war that I talk about in Commentary Magazine. where the trial lawyers and Hollywood and the Democratic Party and now, unfortunately, the Republican Party are constantly demonizing Big Pharma, imposing new restrictions on them, doing new lawsuits on them, making them the bad guys in all the movies. And that makes them unpopular.
It makes their products more expensive. And it also makes it less likely that young, smart Americans are going to go into the pharmaceutical industry and innovate and create great new products.
It makes their products more expensive. And it also makes it less likely that young, smart Americans are going to go into the pharmaceutical industry and innovate and create great new products.
It makes their products more expensive. And it also makes it less likely that young, smart Americans are going to go into the pharmaceutical industry and innovate and create great new products.
The best year we've ever had was the FDA approving about 50 products in one year. Usually it's closer to about 30 products in a year. And just think about all the companies and all the potential products and all the potential sicknesses and illnesses that can be treated. So it's very hard. It is a huge winnowing process. And also this gets into your expertise, Ben, about Hollywood and the culture.
The best year we've ever had was the FDA approving about 50 products in one year. Usually it's closer to about 30 products in a year. And just think about all the companies and all the potential products and all the potential sicknesses and illnesses that can be treated. So it's very hard. It is a huge winnowing process. And also this gets into your expertise, Ben, about Hollywood and the culture.
The best year we've ever had was the FDA approving about 50 products in one year. Usually it's closer to about 30 products in a year. And just think about all the companies and all the potential products and all the potential sicknesses and illnesses that can be treated. So it's very hard. It is a huge winnowing process. And also this gets into your expertise, Ben, about Hollywood and the culture.
It creates this blockbuster effect where you don't want to do a single or a double. Every drug has to be a home run in order to justify the massive costs. So that's why every drug they put out is the equivalent of a Marvel movie. And if you do have a small disease called an orphan disease, the drug companies barely even bother to make products for those types of illnesses.
It creates this blockbuster effect where you don't want to do a single or a double. Every drug has to be a home run in order to justify the massive costs. So that's why every drug they put out is the equivalent of a Marvel movie. And if you do have a small disease called an orphan disease, the drug companies barely even bother to make products for those types of illnesses.
It creates this blockbuster effect where you don't want to do a single or a double. Every drug has to be a home run in order to justify the massive costs. So that's why every drug they put out is the equivalent of a Marvel movie. And if you do have a small disease called an orphan disease, the drug companies barely even bother to make products for those types of illnesses.
I think it's about 15 years, but that counts once you declare the patent and it doesn't count all the FDA testing. So there's a whole bunch of things that are happening while your patent clock is ticking. And once that clock ticks down, then as you say, the generic is out there on the market and undercutting you on price. And I'm for generics.
I think it's about 15 years, but that counts once you declare the patent and it doesn't count all the FDA testing. So there's a whole bunch of things that are happening while your patent clock is ticking. And once that clock ticks down, then as you say, the generic is out there on the market and undercutting you on price. And I'm for generics.