The $800 Million Pill
The Truth Behind the Cost of New Drugs
This exposé sheds light on why life-saving prescription drugs are so expensive. Merrill Goozner argues that American taxpayers are actually funding drug research twice, once through government funding and again through high drug prices. Goozner shows that most of the important new drugs are developed through taxpayer-funded research, but pharmaceutical companies profit from the work. He highlights dedicated scientists who drive medical breakthroughs, and suggests ways the government could expand its role in testing new medicines to eliminate private sector waste. This book is a must-read for all concerned with drug pricing, healthcare, and the role of pharmaceutical companies.
first published in 2004