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Goldman Sachs Asks ‘Is Curing Patients a Sustainable Business Model?’

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Tracygill

Tracygill

Banned
Nov 2, 2017
1,853
The Left
https://www.cnbc.com/2018/04/11/goldman-asks-is-curing-patients-a-sustainable-business-model.html

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.
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"Is curing patients a sustainable business model?" analysts ask in an April 10 report entitled "The Genome Revolution."
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"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."
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It becomes more and more apparent that unregulated private markets are not able to deliver certain goods and services like health care and research that benefits the everyone.
 
samoyed

samoyed

Banned
Oct 26, 2017
15,191
Saw this when it hit last year. Still fuming.

Waiting patiently for someone to come in to explain that they're only analyzing it in neutral business terms and they're just doing their job and there's nothing sociopathic about it a all.
 
Turin Turambar

Turin Turambar

Member
Oct 26, 2017
2,780
Honest answer to the question:
yes, it's sustainable because there will be always new illness to cure or treat (genome treatment will only cover a few), new virus that appear, new ways to improve health, new heights to reach (like being healthier in your 70s), etc. It's like saying 'wait a moment with that newfangled penicillin, is that sustainable?'
We are still pretty fucking away of having perfect medicine. Hundreds of years.
 
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