4 ms·

Do you think something like "FDA-approval of Ketamine" could be successfully crowdfunded?

• wjnc 8y ago
  What I do not understand from a market perspective is why insurers don't cooperate more to fund such research. If a treatment goes from 20k to 1k p.a. the benefits for insurers are clear. They could even fund such research in an equity-fashion, that way steering clear of anti-competition law and free-rider problems (just sell it to the non-cooperators for 20k).
  • ergothus 8y ago
    That is an incentive to insurers only if they are paying the price or if the lower costs to a specific group of consumers increases their market share. Since most costs are passed on to the consumers and most consumers don't get to pick their insurance (in the U.S.) , the incentives aren't there.
    • DenisM 8y ago
      Employers do pick insurance companies, and cost is a big factor.
      • ergothus 8y ago
        But if the cost is passed on to employees, that cost does not impact the employers. If said cost applies to only some of the employees, the employer won't have much in the way of even indirect incentives.
• ada1981 8y ago
  It's happened with MDMA via maps.org Why not? Probably need about $25M - $50M Also Ketamine seems to be pallative vs. a cure, if I'm not mistaken.
  • saasthrowaway3 8y ago
    I'd probably run a "crowdfunding" round involving people at the level of billionaire - Bill Gates, Peter Thiel, Bezos, etc. Get 50 of those to each chip in $1 mill - it's pocket-change to them.
• collyw 8y ago
  Clinical trials a pretty damned expensive.