3 ms·
> There's a decent argument for drug patents (drugs cost a fortune to develop; makers only recoup losses if they can mark up the cost of drugs massively; compet
by marklgr 10y ago
> There's a decent argument for drug patents (drugs cost a fortune to develop; makers only recoup losses if they can mark up the cost of drugs massively; competition gets in the way of that), but I'd argue this is a better argument against the whole industry and an argument for more public funding of drug research.
Most people wouldn't go and see a doctor who clearly states that they're just after money, because you know they have tuition to pay back and if they leave money on the table then competition is gonna take it and drive him/her out of business. Public health is obviously a public good, but somehow handing it over to companies with non-aligned interests (eg. pushing some of the dubious drugs to recoup on R&D) is ok.