" I'm a stock-holder of Gilead. In 2014, they brought a drug to market that cured Hep-C, a deadly disease that previously required a lifetime of treatment if not a liver transplant. They priced the drug at $94K, and your Hep-C was gone.
Now, people like Bernie Sanders had a big issue with this. How could these greedy bastards charge this much money??? They have a cure, and they are price gouging!! Many people on the left demanded price controls. Many people demanded that the government not allow this. I read countless articles about it, every freaking day (ignoring the fact that $94K is FAR cheaper than lifetime maintenance and liver transplants)
Now, a little background.
Gilead a few years ago wanted to cure Hep-C, so they invested $2.4B in R&D to do it... and they failed.
Then, they went out and spent $11B on a company that has 0 revenues, because they believed their compound would work with Gildead's to make the cure.
3 years later, and another $1.5B in R&D, they found the cure.
Bernie bros see the price tag of a cure and cry foul. I see a company that invested $14.9B before finding a miracle drug. And they've made a fortune off of it. And I'm sure glad they have.
The question for you is, if the US government decides to implement price controls, do you think we would see something like this? Because this is a very uncommon story... 9/10 drugs FAIL in trials. When you hit on one, you need to hit big - not only to re-coup your costs, but to invest in the next big thing (Gilead just closed a deal to buy a zero revenue company for $12B in an effort to cure blood cancer)
Oh - and you know the kicker? The cost of Gilead's life-saving druf is now down to about $27K... you know why, a whole bunch of competitors came in to drive down the costs.