3 ms·
One of the key steps that needs to happen is to ditch Intellectual Monopoly laws. If you have a system that provides 100x+ the financial incentive to sell paten
by breck 7y ago
One of the key steps that needs to happen is to ditch Intellectual Monopoly laws. If you have a system that provides 100x+ the financial incentive to sell patented drugs, regardless of efficacy, then you will have many more people out hawking harmful drugs than the boring mainstream alternatives. See Purdue for a great case study on this.
Anyone who talks about "drug development cost is expensive" yadada has no clue what they are talking about. The only reason it's expensive is because people are on a fishing expedition for novelties that have at least some contrived way of demonstrating efficacy (you only need to hoodwink the public with your drug long enough for you and your reps(dealers?) to make short run monopoly profits). In the age of big pharma Americans have gotten less healthy. Time for Intellectual Monopoly laws to go.