3 ms·
So why do we a accept that VC's invest in software tech but we don't expect them to do the same in biotech (obviously some do I am generalizing) but instead exp
by apercu 5y ago
So why do we a accept that VC's invest in software tech but we don't expect them to do the same in biotech (obviously some do I am generalizing) but instead expect Americans (mostly, I live in Canada though) to subsidize Big Pharma through taxes and, in many many many cases outrageous costs for decades old drugs?
- jfengel 5y agoApparently, because Americans tolerate it. A bunch of factors lead to higher drug prices here and an almost complete inability to agree on a way to fix it. A lot of it comes down to tribalism: "I'd rather pay higher drug prices than lower drug prices your way."