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which drugs do you fund? I doubt that public funding of drug R&D will be as efficient as a privately funded effort. If it were all publicly funded, the incentiv
by etrautmann 8y ago
which drugs do you fund? I doubt that public funding of drug R&D will be as efficient as a privately funded effort. If it were all publicly funded, the incentives for selecting drug candidates throughout all stages of the pipeline are shifted.
- adw 8y agoPublic health outcomes. The model would be something like the UK's NICE. It has many fewer perverse incentives than the current model (which focusses on diseases of wealth). It's not at all clear that it wouldn't be markedly more efficient in terms of public health outcomes.
- refurb 8y agoHow do you apply NICE’s framework to in early R&D when you have no idea what the clinical benefit might be?
- opportune 8y agoThe government already does decide which drugs to fund, just at a different stage of the pipeline. Also, it honestly probably will be about as efficient, since we subsidize a lot of medicine’s private R&D already (eg orphan drugs), not to mention eliminating the rentiership of private IP and (some of) the waste of pharmaceutical marketing