Drudge Retort: The Other Side of the News
Friday, April 13, 2018

Goldman Sachs analysts attempted to address a touchy subject for biotech companies, especially those involved in the pioneering "gene therapy" treatment: cures could be bad for business in the long run. "Is curing patients a sustainable business model?" analysts ask in an April 10 report entitled "The Genome Revolution." "The potential to deliver 'one shot cures' is one of the most attractive aspects of gene therapy, genetically-engineered cell therapy and gene editing. However, such treatments offer a very different outlook with regard to recurring revenue versus chronic therapies," analyst Salveen Richter wrote in the note to clients Tuesday. "While this proposition carries tremendous value for patients and society, it could represent a challenge for genome medicine developers looking for sustained cash flow."

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Vampires is synonymous with Goldman Sachs.

#1 | Posted by danni at 2018-04-13 12:40 PM | Reply | Newsworthy 2


Of course, this begs the answer to the inverse question...

Is our current for-profit healthcare system set up not to cure people, but to keep them not cured, but alive, so that there is an ongoing revenue stream?

#2 | Posted by LampLighter at 2018-04-13 12:43 PM | Reply | Newsworthy 1

"...set up not to cure people, but to keep them not cured, but alive"

or addicted.

#3 | Posted by SheepleSchism at 2018-04-13 12:58 PM | Reply

- Vampires is synonymous with Goldman Sachs.

They pay well for speeches.

#4 | Posted by SheepleSchism at 2018-04-13 12:59 PM | Reply | Newsworthy 4

"There's no money in the cure"

#5 | Posted by TwoCents at 2018-04-13 01:00 PM | Reply | Newsworthy 1

What's the reason for having the health care business, is it to sustain itself of is it to deliver healthy outcomes?

The way America answers that question is why our health care costs more and divers less.

#6 | Posted by snoofy at 2018-04-13 01:07 PM | Reply | Newsworthy 3

It begs the question: "Is profit the best basis for a health care system"? There's no reason (other than the money produced by the profits) the government couldn't find and hire the same brilliant scientists the private sector gets, do the research and testing, and manufacture and distribute drugs. It is a misapplication of capitalism. Capitalism doesn't address any of the needs of society that apply to everybody equally. The US Constitution, on the other hand, explicitly does apply to everybody equally. Capitalism will focus on the most profitable opportunities and leave the rest on the floor. If a cure for you won't generate a profit for shareholders, well.... The goals of capitalism are nothing like the goals of nation-states. Capitalism should serve democracy, not the other way around.

#7 | Posted by WhoDaMan at 2018-04-13 03:42 PM | Reply

They pay well for speeches.

#4 | POSTED BY SHEEPLESCHISM AT 2018-04-13 12:59 PM | FLAG: | NEWSWORTHY 2

Remember this:

In recent years, Sanders has been billed as one of the hosts for the Democratic Senatorial Campaign Committee's retreats for the "Majority Trust" -- an elite group of top donors who give more than $30,000 per year -- at Martha's Vineyard in the summer and Palm Beach, Florida, in the winter. CNN has obtained invitations that listed Sanders as a host for at least one Majority Trust event in each year since 2011.
The retreats are typically attended by 100 or more donors who have either contributed the annual legal maximum of $33,400 to the DSCC, raised more than $100,000 for the party or both.

#8 | Posted by BruceBanner at 2018-04-13 04:12 PM | Reply

Remember this: Whataboutism #8 | POSTED BY BRUCEBANNER

#9 | Posted by SheepleSchism at 2018-04-13 04:14 PM | Reply

You wrote the book on it Bro.

#10 | Posted by BruceBanner at 2018-04-13 05:04 PM | Reply

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Hooray for capitalism.

#11 | Posted by hamburglar at 2018-04-13 10:13 PM | Reply

Answers telephone:

"Hi, I'm calling from the Republican/Democratic National Campaign Committee; please send us all your money."

I always try to keep either of these callers on the line as long as possible, just to waste their time. My personal best is just one minute; I believe they're onto me!

#12 | Posted by john47 at 2018-04-14 10:27 AM | Reply | Newsworthy 1

RE: #12

I'm borrowing this tactic. ---- 'em.

#13 | Posted by hamburglar at 2018-04-14 09:38 PM | Reply

The medical community and the police community have for decades upon decades now stated that marijuana is 1. addictive 2. physically damaging 3. mentally damaging 4. has no medical use.

They still use radiation as therapy and it's the number one money maker.

They still spread tumors with breast examination and surgeries.

They still incarcerate those who try to help save their family and friends, going against the medical community.

Not much has changed other than they get a loooot more money promoting experimental drugs.

I use marijuana mainly for my nausea, but it really helps my anxiety and nerve damage immensely.

#14 | Posted by redlightrobot at 2018-04-14 10:13 PM | Reply

It's more the pharma business under guise of medical research.
Doctors aren't stupid, but they are pretty highly constrained in what they can do.

It's pretty easy to follow the money on this one.

We let market forces steer a company's hand.
They made sound business decisions which secure profits and insulate themselves from competition.
Turns out, those decisions are very bad decisions if your goal was to deliver more health care at lower cost.

Right-wingers, who claim they are business and economics geniuses, can't seem to figure out what I just said.

#15 | Posted by snoofy at 2018-04-14 10:23 PM | Reply

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