Why are Drug Prices So Expensive?

Drug prices are so expensive and there are many reasons.

The main reason is this: Demand for the Drugs.

Drug companies have a product that you cannot live without. They charge based on what they believe people are willing to pay. People will not spare any expense to save their lives. It is how the drug marketplace works.

But to be fair, the drug companies also invest a lot of money developing a drug so they have to spend money and then make a profit. There is a lot of risk on their part also.

Newer processes to speed up the process. However, even with the reduced time and better tools, they are still expensive.

DLTA, Drug Lifecycle Tracking Application maps the end-to-end drug approval process. It offers a one stop shop to manage Drug Lifecycle and Regulatory Review process. The application includes built-in tasks, durations, dependencies, key milestones and forms to capture relevant meta-data for each step. And DLTA also provides reports to show complete visibility of all drug approval tasks, their priorities and progress. Call (240) 753-8282 for more information.

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