4 ms·
Yup. Remember when that CEO that raised the price of some pill to $750? You can thank a government-granted intellectual property monopoly for that. Many people
by jdreaver 11y ago
Yup. Remember when that CEO that raised the price of some pill to $750? You can thank a government-granted intellectual property monopoly for that. Many people called for more regulation to prevent this kind of thing, without considering that if you allowed competition in the first place then someone would have undercut him then next day with a $0.50 pill.
- Moshe_Silnorin 11y agoThe drug there was off-patent. The issue was there was so little money in selling it that it wasn't worth going through the bio-equivalence studies to sell the generic, which costs millions, as one would be immediately undercut by the incumbent.