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Goldman Sachs: Curing Cancer Is Bad For Business

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Here at Uncensored, we put family and friends ahead of business and profit: If a family member is ill or in distress, business can wait and money can be regained, but people can’t.

There is an over-used saying in the business world that “No one is irreplaceable”. Utter bull. There are more than 7 billion humans currently extant, and no two are the same. Fred Hollows, a man who specialised in restoring sight to those blinded by eye ailments in poverty stricken environments, once said that he believed a basic attribute of humanity is that we look after each other. What can be said then of investment bankers Goldman Sachs?Image result for Goldman sachs cancer cure not profitable

A report in the latest issue of Uncensored Magazine caught my attention because it indicated that Goldman Sachs were advising their Biotech clients to put profit ahead of cures.

In the grand scheme of things, prolonging the suffering and misery of patients is detrimental to the prosperity of society in the main. A happy, healthy cured person is more likely to be constructively contributing to society. But of course that doesn’t help Big Pharma, does it?

These inhuman monsters want to put “recurring revenue” ahead of curing serious illnesses. Read the article for yourself:

Goldman Sachs asks in biotech research report: ‘Is curing patients a sustainable business model?’
Tae Kim | @firstadopter

https://www.cnbc.com/2018/04/11/goldman-asks-is-curing-patients-a-sustainable-business-model.html

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.”

Richter cited Gilead Sciences’ treatments for hepatitis C, which achieved cure rates of more than 90 percent. The company’s U.S. sales for these hepatitis C treatments peaked at $12.5 billion in 2015, but have been falling ever since. Goldman estimates the U.S. sales for these treatments will be less than $4 billion this year, according to a table in the report.
“GILD is a case in point, where the success of its hepatitis C franchise has gradually exhausted the available pool of treatable patients,” the analyst wrote. “In the case of infectious diseases such as hepatitis C, curing existing patients also decreases the number of carriers able to transmit the virus to new patients, thus the incident pool also declines … Where an incident pool remains stable (eg, in cancer) the potential for a cure poses less risk to the sustainability of a franchise.”
The analyst didn’t immediately respond to a request for comment.
The report suggested three potential solutions for biotech firms:

“Solution 1: Address large markets: Hemophilia is a $9-10bn WW market (hemophilia A, B), growing at ~6-7% annually.”

“Solution 2: Address disorders with high incidence: Spinal muscular atrophy (SMA) affects the cells (neurons) in the spinal cord, impacting the ability to walk, eat, or breathe.”

“Solution 3: Constant innovation and portfolio expansion: There are hundreds of inherited retinal diseases (genetics forms of blindness) … Pace of innovation will also play a role as future programs can offset the declining revenue trajectory of prior assets.”

CBSDFW

Published on Apr 12, 2018

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Investment banking giant Goldman Sachs is reportedly asking some very cold questions about the healthcare industry and whether it’s a good business move to cure diseases. Matt Yurus reports.

About the author

Martin Harris

I have a lovely partner and 3 very active youngsters. We live in the earthquake ravaged Eastern Suburbs of Christchurch, New Zealand. I began commenting/posting on Uncensored back in early 2012 looking for discussion and answers on the cause and agendas relating to our quakes. I have always maintained an interest in ancient mysteries, UFOs, hidden agendas, geoengineering and secret societies and keep a close eye on current world events. Since 2013 I have been an active member of theCONTrail.com community, being granted admin status and publishing many blogs and discussion threads. At this time I'm now helping out with admin and moderation duties here at Uncensored where my online "life" began.

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