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The government does frequently fund the discovery of new drugs. The problem is that the return on that investment is usually abysmal and the taxpayer ends up no
by longerthoughts 8y ago
The government does frequently fund the discovery of new drugs. The problem is that the return on that investment is usually abysmal and the taxpayer ends up not only paying to fund the drug’s discovery, but also paying absurdly high prices to buy it from pharmaceutical companies who passed some or all of their risk onto taxpayers.
One example: https://abcnews.go.com/WNT/YourMoney/story?id=129651 https://abcnews.go.com/WNT/YourMoney/story?id=129651
- carbocation 8y agoOf course. Most of basic science in the US is government funded. I'm wondering what the OP thinks about removing the barrier that they identified (private corps paying for the trial vs gov paying for the trial) and how that would affect their thinking.
- umanwizard 8y agoIf you read the article, the drug was in fact discovered at UBC, which is a publicly funded university. But it turns out that discovering the drug wasn't the expensive part. The expensive part was privately funded.