A Quote by Scott Gottlieb
When the price of a drug rises, it becomes profitable and the target of new competition.
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When we accept Christ we enter into three new relationships: (1) We enter into a new relationship with God. The judge becomes the father; the distant becomes the near; strangeness becomes intimacy and fear becomes love. (2) We enter into a new relationship with our fellow men. Hatred becomes love; selfishness becomes service; and bitterness becomes forgiveness. (3) We enter into a new relationship with ourselves. Weakness becomes strength; frustration becomes achievement; and tension becomes peace.
It should be borne in mind that the target is always trying to shift responsibility to get out of being the target. There is a constant squirming and moving and strategy . . . on the part of the designated target. The forces for change must keep this in mind and pin that target down securely. If an organization permits responsibility to be diffused and distributed in a number of areas, attack becomes impossible.
We are focusing Philip Morris organization much more on the new business. We will have very few new traditional product introductions, and as markets switch to IQOS we would remove resources from the old business completely.Next year IQOS becomes profitable, so even the financing from these traditional businesses isn't necessary anymore, because it becomes fully self-sustaining.
The higher cost of getting a generic drug approved by regulators means that many old medicines don't face competitors. It's only after substantial price hikes that these drugs offer enough revenue to offset the rising generic entry costs, and start to entice competition.
By planting more, we find new hybrid of cocoa, and by doing that, we lose some quality. So the price of the very high-end chocolates rises even more.
You have to have a product or service that offers customers a unique advantage over the competition. Some people think it has to be price, but only one person can have the lowest price, and the person with the lowest price isn't necessarily the most successful.
Only in situations where competition is illegal will competition not act naturally to bring the best product at the lowest price to the consumer.
Each new machine or technique, in a sense, changes all existing machines and techniques, by permitting us to put them together into new combinations. The number of possible combinations rises exponentially as the number of new machines or techniques rises arithmetically. Indeed, each new combination may, itself, be regarded as a new super-machine.
A potent poison becomes the best drug on proper administration. On the contrary, even the best drug becomes a potent poison if used badly
I do believe that oil production globally has peaked at 85 million barrels. And I've been very vocal about it. And what happens? The demand continues to rise. The only way you can possibly kill demand is with price. So the price of oil, gasoline, has to go up to kill the demand. Otherwise, keep the price down, the demand rises.
A vigorous and profitable drug industry is not a problem to be solved but a goal to be encouraged.
The main reason why it is profitable to establish a firm would seem to be that there is a cost of using the price mechanism. The most obvious cost of 'organizing' production through the price mechanism is that of discovering what the relevant prices are.
The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a competition in the grabbing off of scarce nature-given supplies, as it is in the animal kingdom. Rather, it is a competition in the positive creation of new and additional wealth.
It is not enough to show that drug A is better than drug B on the average. One is invited to ask, 'For which people ("& why") is drug A better than drug B, and vice versa? If drug A cures 40% and drug B cures 60%, perhaps the right choice of drug for each person would result in 100% cures.'
In a world of global competition and new technology, I think competition is coming from new places.
I fully realize that a person who stands for what I stand for, an activist, a gay activist, becomes the target or the potential target for a person who is insecure, terrified, afraid, or very disturbed with themselves.
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