December 2, 2018

What if all doctors worked for Goldman Sachs?

CNBC -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."

2 comments:

greg gerritt said...

Using the medical industrial complex to carry the ecoonomy means that health care is never affordable.

Boffin said...

You can get a pretty good idea by looking at the fate of private colleges, which were bought and milked by Goldman Sachs and cohorts about 15 years ago.