Bayer's CEO: We Develop Drugs For Rich Westerners, Not Poor Indians

Submitted by: daegog 1 week ago in News & Politics

CAPITALISM.. Great stuff eh?

An excerpt from Tech Dirt: One of the companies that has been affected by compulsory licensing moves in India is Bayer. Here's what its CEO said on the subject according to a report in Bloomberg Businessweek:

Bayer Chief Executive Officer Marijn Dekkers called the compulsory license "essentially theft." 

"We did not develop this medicine for Indians," Dekkers said Dec. 3. "We developed it for western patients who can afford it."
That's a refreshingly honest admission that rather than wanting to save lives around the world, what Bayer is interested in is maximizing its profits by selling expensive drugs to "western patients who can afford it," and that those who can't pay can just, well, drop dead -- which, of course, is precisely what many of them will do without Bayer's drugs.
There are 7 comments:
Female 372
Anyone who thinks this is OK and it's just a 'for profit' company making a profit should read Bad Pharma by Ben Goldacre. In it you will learn that these aren't just companies making a profit, they're companies deliberately suppressing information and killing their customers in order to make a profit. Now, from memory I can't remember whether Bayer is specifically mentioned in the book, but never underestimate the ruthlessness of pharmaceutical companies.
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Male 246
How many would have died if no drugs had been invented? Capitalism is not bad greed is. Every company seeks to make a profit that is their purpose. The problem is every business strives to be a monopoly because that is how to make the most for the least effort. This is why unfettered capitalism is bad, think Teddy Roosevelt and the trusts.
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Male 39,248
GEE!  A "for profit" company developed products to make a profit..... while the 3rd world enjoyed the benefit

What a crime!
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Male 2,128
Gerry1of1 Your usual dipshit comments. As Canada and every other nation have demonstrated, only the US allows greed-mongers like Martin Skreli and this piece of shit to jack up profits without regard to "normal" markup. Furthermore, this is more than just a greed-head statement...it's profoundly racist...as are you.
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Male 477
So, your point is that you want businesses to give what they make away for free? Please explain how they stay in business, employee millions of people, pay taxes, etc.
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Male 1,365
So what's the shocking news? He's just saying what everyone already knows.
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