4 ms·
No, patents was not created for the pharma industry. It is however the industry which would be the most disrupted by a patent abolishment. They would need a new
by yxhuvud 7y ago
No, patents was not created for the pharma industry. It is however the industry which would be the most disrupted by a patent abolishment. They would need a new government sponsored model to replace the current one. This to offset the costs that medical trial requirements create, which is the main cost of developing new medicines.
If we want safe meds we need to pay for the safety somehow. But that price needn't affect every other industry.
- plmu 7y agoIndeed, and a government regulated system would be much fairer for everyone. In most western societies (the US may be a partial exception) we don't want to see people dying in the streets, therefore there is universal basic healthcare for everyone in every civilized country. Therefore, it would be much better to fund it like, e.g., high energy physics research. Do the research funded by governments, and the pure production of patent-free medicine can be done by the industry who, compete on price at a set and defined quality.