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612-822-4611
Capitalizing a Cure: How Finance Controls the Price and Value of Medicines

Capitalizing a Cure: How Finance Controls the Price and Value of Medicines

Paperback

Business GeneralMedical ReferenceGeneral Sociology

ISBN10: 0520388712
ISBN13: 9780520388710
Publisher: University of California Press
Published: Jan 24 2023
Pages: 245
Weight: 0.75
Height: 0.60 Width: 6.00 Depth: 8.90
Language: English
A free open access ebook is available upon publication. Learn more at www.luminosoa.org.

Capitalizing a Cure takes readers into the struggle over a medical breakthrough to investigate the power of finance over business, biomedicine, and public health. When curative treatments for hepatitis C launched in 2013, sticker shock over their prices intensified the global debate over access to new medicines. Weaving historical research with insights from political economy and science and technology studies, Victor Roy demystifies an oft-missed dynamic in this debate: the reach of financialized capitalism into how medicines are made, priced, and valued.

Roy's account moves between public and private labs, Wall Street and corporate board rooms, and public health meetings and health centers to trace the ways in which curative medicines became financial assets dominated by strategies of speculation and extraction at the expense of access and care. Provocative and sobering, this book illuminates the harmful impact of allowing financial markets to determine who heals and who suffers and points to the necessary work of building more equitable futures.

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Medical Reference