The Vampire Squid Abides

Goldman Sachs has made the most reprehensible healthcare decision of the year, which is saying a lot, when they decided that it makes no sense to invest in cures, because if you cure someone, they won’t buy any more of the drugs.

Basically, they redefined medicine as hooking patients into a lifelong pattern of drug use:

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.

“Is curing patients a sustainable business model?” analysts ask in an April 10 report entitled “The Genome Revolution.”

“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.”

F%$# the Vampire Squid.  They, and f%$# the whole degenerate for-profit health care system needs to be dismantled root and branch.

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