Found this via Joe.My.God.: Goldman Sachs Warns Pharma Investors: Cures Don’t Provide Sustained Revenue, Chronic Illness Is Better. Because profits (emphasis mine)!
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.”
You know, I have lost count of just how many times I have seen woo-peddlers and conspiracy theorists claim that “big pharma” has the cure to cancer, AIDS, you name it but the pharmaceutical companies are suppressing that information because it’s far more profitable to keep people sick. I have argued against this bullshit. And now Goldman fucking Sachs just lent some fucking credibility to these loons.
I don’t have enough obscenities to properly show my disgust and displeasure. Or to put it another way: “There aren’t enough swear-words in the English language, so now I’ll have to call you perkeleen vittupää just to express my disgust and frustration with this crap.”
Slag this, I’m going back to bed.