Late Stage Capitalism

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China’s new cancer drug is approved in the US but will cost 30 times more: US$280 in China, US$8,892 in the US (www.scmp.com)

submitted 2 years ago by cfgaussian@lemmygrad.ml to c/latestagecapitalism@lemmygrad.ml

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[–] AlbigensianGhoul@lemmygrad.ml 2 points 2 years ago

Not sure how exactly that works in the USA, but one of the PT's government greatest achievement in Brazil was both providing legislation for selling off-patent drugs (called "generics") and also making those tax free to encourage competition.

Lots of really important drugs (for example gut worms) became much more affordable in the span of some 5 years.

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