Pharmaceutical doesn't blame tort system for high prices
And not greedy trial lawyers, surprisingly.
“The psychology of the industry is that, if you are first, the price should be high,” [Elan CEO] Martin tells The Financial Times. “The economic structure is unsustainable. The tension will grow and something has to give.”
Source: Pharmalot » What Did He Say? Elan CEO: Lower Prices
Of course if you're first to market, your prices are going to be high. It's just refreshing to read a CEO admit that openly and not claim it's because of the tort system.
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Posted by: Bill | July 02, 2007 at 03:45 PM