5 ms·

Without the right to exclusively profit from the final product, are pharmaceutical companies gonna invest all the resources and engage in all the bureaucracy-na

Without the right to exclusively profit from the final product, are pharmaceutical companies gonna invest all the resources and engage in all the bureaucracy-navigation it takes to develop a new drug?

RNCTX 6y ago
> Without the right to exclusively profit from the final product, are pharmaceutical companies gonna invest all the resources and engage in all the bureaucracy-navigation it takes to develop a new drug? Per recent congressional testimony, virtually all drugs are developed with NIH (federal) funding. So the first order of business in fixing this problem is dispelling the notion that there is such a thing as a "market" for pharmaceuticals. There is not. Government money is present quite literally from the very first step. Coincidentally, dispelling false notions of the existence of "free markets" is the first step to solving a lot of other economic problems as well. https://blogs.sciencemag.org/pipeline/archives/2019/02/01/rep-ocasio-cortez-and-where-drugs-come-from https://blogs.sciencemag.org/pipeline/archives/2019/02/01/re...
- pclmulqdq 6y ago
  Virtually all drugs come out of an NIH-funded lab, but so do a huge number of other drugs and therapies that don't work. The vast majority of things that come out of research labs have no hope at making it past a phase 1 trial. The drug companies do a lot of R&D to validate the ideas of drug discovery teams and to test for side effects. They spend incredible amounts of money on this, much more than the labs that initially proposed the drug.
  - deleted 6y ago
    [deleted]
  - bergstromm466 6y ago
    But that work isn’t only magically able to be done by corporations. If pharmaceutical corps like Gilead and others didn’t rake in billions per year and were taxed properly (i.e. no more rentier incomes), that same work could be done in the open by NIH and others. Why are people so keen on state granted monopolies (patents) when it can be done open source?
  - RNCTX 6y ago
    > Virtually all drugs come out of an NIH-funded lab, but so do a huge number of other drugs and therapies that don't work. The vast majority of things that come out of research labs have no hope at making it past a phase 1 trial. None of this has anything to do with the fact that the government is footing this bill. > The drug companies do a lot of R&D to validate the ideas of drug discovery teams and to test for side effects. They spend incredible amounts of money on this, much more than the labs that initially proposed the drug. Yeah, they do a lot of that... with taxpayer money.
    - s1artibartfast 6y ago
      The government and taxpayer foot a very small portion of the bill, and do so willingly with no strings attached.
specialist 6y ago
How exclusive? For all time?
- reedwolf 6y ago
  For the foreseeable tenure of the current board of executives.

RNCTX 6y ago

> Without the right to exclusively profit from the final product, are pharmaceutical companies gonna invest all the resources and engage in all the bureaucracy-navigation it takes to develop a new drug? Per recent congressional testimony, virtually all drugs are developed with NIH (federal) funding. So the first order of business in fixing this problem is dispelling the notion that there is such a thing as a "market" for pharmaceuticals. There is not. Government money is present quite literally from the very first step. Coincidentally, dispelling false notions of the existence of "free markets" is the first step to solving a lot of other economic problems as well. https://blogs.sciencemag.org/pipeline/archives/2019/02/01/rep-ocasio-cortez-and-where-drugs-come-from https://blogs.sciencemag.org/pipeline/archives/2019/02/01/re...

pclmulqdq 6y ago
Virtually all drugs come out of an NIH-funded lab, but so do a huge number of other drugs and therapies that don't work. The vast majority of things that come out of research labs have no hope at making it past a phase 1 trial. The drug companies do a lot of R&D to validate the ideas of drug discovery teams and to test for side effects. They spend incredible amounts of money on this, much more than the labs that initially proposed the drug.
- deleted 6y ago
  [deleted]
- bergstromm466 6y ago
  But that work isn’t only magically able to be done by corporations. If pharmaceutical corps like Gilead and others didn’t rake in billions per year and were taxed properly (i.e. no more rentier incomes), that same work could be done in the open by NIH and others. Why are people so keen on state granted monopolies (patents) when it can be done open source?
- RNCTX 6y ago
  > Virtually all drugs come out of an NIH-funded lab, but so do a huge number of other drugs and therapies that don't work. The vast majority of things that come out of research labs have no hope at making it past a phase 1 trial. None of this has anything to do with the fact that the government is footing this bill. > The drug companies do a lot of R&D to validate the ideas of drug discovery teams and to test for side effects. They spend incredible amounts of money on this, much more than the labs that initially proposed the drug. Yeah, they do a lot of that... with taxpayer money.
  - s1artibartfast 6y ago
    The government and taxpayer foot a very small portion of the bill, and do so willingly with no strings attached.

specialist 6y ago

How exclusive? For all time?

reedwolf 6y ago
For the foreseeable tenure of the current board of executives.