The whole pharma industry relies on IP and patent law. No generic drug company is putting money for RnD, they just try to minimize production costs. It’s the co

The whole pharma industry relies on IP and patent law. No generic drug company is putting money for RnD, they just try to minimize production costs. It’s the companies who rely on the protections of the law for exclusivity that put the money for rnd and take the risk. Pharmaceutical production costs are close to zero. It’s the funding of a research pipeline that mostly fails that concentrates all of the costs. If Pfizer spent 10 years on research and clinical trials of a new drug, and I can the next day of the FDA approval produce a generic derivative of their drug, I will drive them out of business. My costs are essentially 0. And no, not all innovation has been produced by universities.