Why Pharmaceuticals Are So Complicated In The U.S. | CNBC Marathon

CNBC published this video item, entitled “Why Pharmaceuticals Are So Complicated In The U.S. | CNBC Marathon” – below is their description.

CNBC Marathon explores why pharmaceuticals are so complicated in the United States.

Concerns over prescription drug prices have grown into a big political issue, with nearly one in four Americans saying it’s difficult to afford their medications, according to a March 2019 poll by the Kaiser Family Foundation. Pharmacies technically set their own prices for generic drugs, but there are other players involved that complicate the process.

Johnson & Johnson, the biggest pharmaceutical company in the U.S. based on market cap, announced in November 2021 it plans to spin off its consumer business into a new publicly traded company by November 2023. Analysts overwhelmingly say it’s a smart business move, but it could also come with some risks.

Meanwhile, the U.S.’s approval of Biogen’s Alzheimer’s drug Aduhelm was heralded as a historic triumph in the fight against the memory-robbing disease. But so far, Biogen has reported only a fraction of Aduhelm revenue to meet Wall Street’s expectations. Patients and physicians have been torn over the drug’s murky clinical data and its high price tag. Aduhelm’s lackluster launch has been costly, forcing Biogen to take measures to keep the drug afloat.

For Covid-19 vaccine maker, BioNTech, they had little recognition outside of their hometown of Germany prior to the pandemic. Over a month and a half before the World Health Organization officially declared a pandemic, BioNTech CEO Uğur Şahin met with his wife, BioNTech’s co-founder and chief medical officer Özlem Türeci, and together they agreed to redirect most of the company’s resources to developing a vaccine. The founders were confident in the potential of their mRNA technology, which they knew could trigger a powerful immune response. That confidence wasn’t necessarily shared by the broader medical community. No mRNA vaccine or treatment had ever been approved before. But the couple’s timely breakthrough was actually decades in the making.

CNBC Marathon brings together the best of CNBC on YouTube.

Chapters:

00:00 Introduction

00:31 Why U.S. pharmacies overcharge (Published August 2021)

16:35 The rise of BioNTech (Published October 2021)

34:21 Why the biggest pharma company in the U.S. is breaking up (Published January 2022)

45:42 What’s the controversy behind Biogen’s Alzheimer’s drug? (Published January 2022)

CNBC YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - CNBC

CNBC is an American pay television business news channel owned by NBCUniversal News Group, a division of NBCUniversal, with both indirectly owned by Comcast. Headquartered in Englewood Cliffs, New Jersey, the network primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

Recent from CNBC:

The Other Reason Why Food Prices Are Rising

How Sri Lanka’s Economic Collapse Raises Alarm Bells For Other Emerging Markets

Why Power Outages Are Getting Worse In The U.S.

In This Story: COVID-19

Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

Symptoms of coronavirus

The main symptoms of coronavirus are:

  • a persistent new cough (non productive, dry)
  • a high temperature (e.g. head feels warm to the touch)
  • shortness of breath (if this is abnormal for the individual, or increased)

Latest News about Covid-19

Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.

5 Recent Items: COVID-19

A look at the latest research in COVID treatments | COVID-19 Special

Police struggle to attract new recruits | 7NEWS

BJIFF 2022 aims to help movie industry survive impact of COVID-19 pandemic

LIVE: Stock Market Coverage – Monday August 15 Yahoo Finance

LIVE: Warrant in FBI Mar-a-Lago raid unsealed: Special Report | ABC News Live

In This Story: Germany

Germany, officially the Federal Republic of Germany, is a country in Central and Western Europe. It lies between the Baltic and North seas to the north, and the Alps to the south.

Germany is a federal parliamentary republic led by a chancellor. With over 83 million inhabitants of its 16 constituent states, it is the second-most populous country in Europe after Russia, as well as the most populous member state of the European Union. Its capital and largest city is Berlin, and its financial centre is Frankfurt; the largest urban area is the Ruhr.

5 Recent Items: Germany

France wildfires: Firefighters from across Europe unite to battle blazes

Wind creates twisting ‘firenado’ as heatwave sweeps across France

Mystery surrounds mass fish die-off in Germany’s Oder River | DW News

Mystery surrounds mass fish die-off in Germany’s Oder River | DW News

Tons of dead fish found in river on German-Polish border – BBC News

In This Story: United States

The United States is a country also known as the United States of America, USA, US or just America. There are fifty states in the union, which is a federal republic ruled by a representative democracy. Nearly ten million square kilometres are inhabited by over 300 million people. The majority of Americans speak English.

4 Recent Items: United States

The Business of War: American Leadership or Hegemony

The Business of War: Wars & American Interests

750 U.S. military bases set up around the world

Military budget flows into the U.S. arms industry

In This Story: Vaccine

A vaccine is a biological preparation that provides active acquired immunity to a particular infectious disease. A vaccine typically contains an agent that resembles a disease-causing microorganism and is often made from weakened or killed forms of the microbe, its toxins, or one of its surface proteins.

9 Recent Items: Vaccine

Polio Re-Emerges In New York City’s Wastewater

What to know about the monkeypox vaccine

Monkeypox: About 50% of vaccine supply used, Canada passes 1,000 cases, Tam says | FULL

North Koreans flock to water park in Pyongyang after ‘victory’ over Covid-19

Cerrar la brecha de las vacunas

Mettre un terme aux inégalités vaccinales

17 GOP governors urge Biden to lift vaccine requirement for international travelers

CHILDREN 1 TO 9 ELIGIBLE FOR POLIO VACCINE

Nearly a million children in London to be offered the polio vaccine

In This Story: World Health Organization

The World Health Organization is a specialized agency of the United Nations responsible for international public health. The WHO Constitution, which establishes the agency’s governing structure and principles, states its main objective as “the attainment by all peoples of the highest possible level of health.”

3 Recent Items: World Health Organization

Monkeypox: About 50% of vaccine supply used, Canada passes 1,000 cases, Tam says | FULL

Cerrar la brecha de las vacunas

Mettre un terme aux inégalités vaccinales

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.