3 ms·
FDA production approval for a drug is expensive. If a competitor pays and gets a new line approved, the prize is zero, because of competition from the other li
by cma 5y ago
FDA production approval for a drug is expensive. If a competitor pays and gets a new line approved, the prize is zero, because of competition from the other line. If no competitor pays the prize is almost unlimited, because of no competition.
The government or a charity should fund another line, and should in general provide incentives to companies to not shut down existing approved lines if it would leave only one company standing.
- shadilay 5y agoI tend to think if the government is paying to develop new drugs they might as well do the manufacturing too.