worth a repost:
vorlon1966 Member Level Friday, 08/15/14 11:17:00 AM
Re: EODparty7 post# 6315
Post # of 6349
I somehow thought that this would come up. Ok....let me put it another way. If you were a CEO of a company and had to choose who to hire. Do you hire four researchers who have nothing invented and hope to discover something for $200,000 each or do you hire four guys with a cancer treatment that's looks very promising for $500,000 each. What would you do? These guys came up with something the whole rest of the world and all the big pharmas and all the doctors never did.....ever. I mean ever. Never in the history of the world did someone else do this....but they did. And as a result people think they should live off of ramen noodles during this time? No, I am a bit more realistic....they deserve to be paid a lot. Where do you get $40mm in pay from? Your not doing your homework. Go back and look at their pay.
Now let me educate you on something about those delays. I was around then too. I was there each and every time thew FDA said no to their proposed study. The FDA kept changing what they wanted. It seemed to me that the FDA was stalling them for some reason. This was a whole new type of drug and I don't think the FDA knew what to do with it. So I think the decision makers kept kicking the can down the road for someone else to deal with it. PVCT finally got their SPA written when the FDA said "no....we got this BTD thing now....do that". PVCT has the document from the FDA that proves that. Before you believe in the hype, start delving into the facts.
Lifestyle company? What lifestyle? Do you even know these guys?
Half their pay goes to taxes. They are not living it up despite what people's imagination conjures up.
Now for a couple of years the took a larger salary and that got paid back....end of that argument. Go back and look at their salaries back to 2002.
Most people don't make $500,000/year....I get that. Those same people did not go through med school (eight years of 20 hrs a day living off ramen noodles and living at the hospital earning almost no money), become PhD's, invent a treatment for cancer.
In addition....they have to put up with the FDA, Wall Street, the SEC, Bashers, AF and Seeking Alpha, lawsuits......and us shareholders. Personally you couldn't pay me enough to deal with all that.
Another point. It NORMALLY takes 15-20 years to get a drug to market. It NORMALLY takes between 1.5 BILLION and 5 BILLION to get a drug to market. TOTAL Money spent by PVCT.....LESS THAN $150 million. Total time spent on the process so far?....12 years.
I really don't see a problem.
But maybe we should have paid them $100,000/year instead and let this cost $5 billion to get it to market in 20 years.
