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It would be nice for someone to start a non-profit organization supported by donors that would exist purely to purchase rights to these medicines and keep them
by martinflack 11y ago
It would be nice for someone to start a non-profit organization supported by donors that would exist purely to purchase rights to these medicines and keep them relatively low-cost to patients.
- kjs3 11y agoIt would be nice if such an organization didn't need to exist.
- thrownaway2424 11y agoGreat idea, and we could call it "the government".
- sneak 11y agoS/he said "non-profit" and "donors".
- jayess 11y agoYes, another government program to address problems caused by government in the first place. Brilliant.
- chrisan 11y agoWhat is the original problem(s) the government started in the drug industry?
- toomuchtodo 11y agoAllowing drugs to be patented.
- Gustomaximus 11y agoAustralia has the 'PBS' system. It largely works in 2 parts; One the medicine is subsidised with a user co-payment. And secondly the government negotiates with companies to be in the PBS program. This way, especially where there are multiple drug choices there is massive negotiation power. They essentially offer access to our entire country or none. Another effect is this scheme encourages generics so people don't pay for brand names, and if they do they're likely off the PBS list so you would pay full price so the government doesn't have to subsidise the premium. It's not a perfect system and it's getting more expensive but it works OK in the privitised medicine system: https://en.wikipedia.org/wiki/Pharmaceutical_Benefits_Scheme https://en.wikipedia.org/wiki/Pharmaceutical_Benefits_Scheme
- bsimpson 11y agoBased on the article, it sounds like Purdue University's research arm was serving more-or-less this function, but because they were losing money on regulatory costs, they accepted Rodelis's offer to buy the rights. Now, Purdue has the rights again, and is aiming for a more sustainable price.