9 ms·
You come off like a shill. The majority of new drug development is the result of publicly funded research. Drug companies mine that research, and in many case
by CuriouslyC 6y ago
You come off like a shill. The majority of new drug development is the result of publicly funded research. Drug companies mine that research, and in many cases their main contribution is ramming the drug through the FDA approval pipeline. The university will also take a big cut, even though they were given (mostly public) grants to do the research.
Drug development is probably one of the best targets for socialization. That would reduce the number of stupid, pointless drugs that get developed. How many billions have been wasted to produce ~20 different anti-depressants, none of which does more than slightly outperform placebo?
- sdinsn 6y ago> The majority of new drug development is the result of publicly funded research. Drug companies mine that research Isn't the entire point of publicly funded research to spur scientific and economic development? Are you proposing that public research should be hidden away so that private companies don't do anything useful with it?
- licebmi__at__ 6y agoNo, but it's to take in account where the high price (in certain poorly regulated geographies) is justified by the cost of research.