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Author: bench275 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 896  
Subject: Re: Bayer & Cipro Date: 11/12/2001 3:20 PM
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I own a significant amount of Pfizer so I should be biased against the government's action to negotiate a reduced price for Cipro. On the other hand, one of the main reasons for the excessive cost of healthcare in the US is not because we don't have socialized medicine but because US Drug companies with the collaboration of the FDA have conspired to suppress competition. Many drugs sell in this country for up to 10 times their selling price in Europe and other countries. Cipro is a case in point where it is manufactured overseas and sold there for a fraction of the US price.

If it wasn't profitable to sell these drugs at reduced prices and make a profit then why are the drug companies selling in Europe? The FDA has steadfastly refused to let foreign made drugs into this country. The reasons given by the FDA are not patent violations but "inferior and unknown quality". This is BS. If we continue to suppress competition we will get socialized medicine forced on us.
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