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Cover of The $800 Million Pill

The $800 Million Pill

The Truth behind the Cost of New Drugs

By Merrill Goozner

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Publish Date

April 22, 2004

Publisher

University of California Press

Language

eng

Pages

297

Description:

"Drug companies insist that [prescription drug] prices reflect the millions they invest in research and development ... Merrill Goozner contends that American taxpayers are in fact footing the bill twice: once by supporting government-funded research and again by paying high prices for prescription drugs. Goozner demonstrates that almost all of the important and life-saving new drugs of the past quarter-century actually originated from research at taxpayer-funded universities and the National Institutes of Health ... [Goozner] suggests ways that the government's role in testing new medicines could be expanded to eliminate private-sector waste driving up the cost of existing drugs--p. [2] of jacket.