There has always been some suspicion that pharmaceutical companies would rather keep people sick and on drugs than cure them in one shot and lose the ability to create return customers.
Although the massive motive here is easy to see, with the industry bringing in over $453 billion in the United States alone in 2017, many people have a hard time considering that these companies don’t have their customers’ best interest at heart.
The idea that these companies would want to keep us sick is dismissed by many as a “conspiracy theory,” but let’s not forget that these companies and their high-level investors are here to sell drugs, not save lives. This point was brought up openly earlier this month in a memo that Goldman Sachs analyst Salveen Richter sent out to clients of the firm, about the potential of curing diseases with gene therapy.
Richter estimated the market size for gene therapies could be as large as $4.8 trillion as “genes are the foundations of all biological activity,” according to CNBC. However, he has some concerns about how the ability to cure diseases could negatively impact the industry’s bottom line…..more here