3 ms·
Most R&D, in the US as elsewhere, make massive use of public funds.
by arnoooooo 9y ago
Most R&D, in the US as elsewhere, make massive use of public funds.
- cies 9y agoWhich is weird, as that is not factored in the purchase price when buying the product when developed.
- TomK32 9y agoyes, you might ask your democratically elected representative about that...
- refurb 9y agoNo, that's not true. Private R&D is almost 10x what public R&D is, at least in biotech.
- howard941 9y agoIncluding the R&D tax credit?
- cage433 9y agoNope - that's not true. https://en.wikipedia.org/wiki/Medical_research#Privately_(industry)_funded_biomedical_research https://en.wikipedia.org/wiki/Medical_research#Privately_(in... Private R&D is around 60% - however a large part of that is making minor changes to existing molecules in order to obtain fresh patents.The bigger, riskier research is done by the NIH and other publicly funded bodies. See https://marianamazzucato.com/entrepreneurial-state/ https://marianamazzucato.com/entrepreneurial-state/ Also - the quality of privately funded research is much worse, with non-reporting of negative results, data dredging and other dodgy activities being routine - see https://en.wikipedia.org/wiki/Bad_Pharma https://en.wikipedia.org/wiki/Bad_Pharma
- refurb 9y agoYour source is all medical research. Not biotech specifically.
- neuromantik8086 9y agoIntriguing. I've often speculated about how private sector research compared with public research, especially in the context of the reproducibility crisis since I assumed that a lot of pharma companies knew that some research couldn't be replicated behind closed doors. I wonder what the quality of proprietary / unreleased studies is- do the links you provide take that into account?
- cage433 9y agoIt compares badly. Unfortunately too much private research is allowed to be kept secret - but what is known indicates it's of poorer quality - judged by the kind of metrics the Cochrane Institute use. Goldacre's book (he also has a blog) is well worth reading - describing _many_ ways in which drug companies can cheat.
- deleted 9y ago[deleted]