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It is becoming clear to me that you aren't even bothering to read what I wrote. So this is going to be my last reply. Generics are extremely easy, cheap, and f
by codexon 11y ago
It is becoming clear to me that you aren't even bothering to read what I wrote. So this is going to be my last reply.
Generics are extremely easy, cheap, and fast to pass approval.
Needing a minimal amount of time to check that your drug is roughly equivalent to an existing drug is NOT a monopoly.
- bduerst 11y agoI did read what you wrote: https://news.ycombinator.com/item?id=10255578 https://news.ycombinator.com/item?id=10255578 >I don't see how pharma is not a free market in this case. It's a monopoly because it has government-granted monopolistic power. Generics can go through the approval process and be granted similar power, making a duopoly. That doesn't change the fact that it is a monopoly right now and definitely not a free market. Seems like someone has a case of confirmation bias.