10 ms·
The vast majority of new drugs in the US research was funded by the taxpayer. Innovation comes mostly from the public sector, not private sector. This applies
by qwertyX99 4y ago
The vast majority of new drugs in the US research was funded by the taxpayer.
Innovation comes mostly from the public sector, not private sector. This applies equally to technology.
Private-led innovation is hyped by these industries PR departments. DARPA, NASA, NIH don't have a PR department.
References:
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Overall, NIH funding contributed to research associated with every new drug approved from 2010-2019, totaling $187 billion." (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3731819 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3731819)
Search Mariana Mazzucato talks, books on innovation, example: https://www.noemamag.com/big-pharma-is-hurting-drug-innovation https://www.noemamag.com/big-pharma-is-hurting-drug-innovati...
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"Apple Didn’t Build Your iPhone; Your Taxes Did": https://www.pbs.org/newshour/economy/the-entrepreneurial-state-appl https://www.pbs.org/newshour/economy/the-entrepreneurial-sta...
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97%-99% of Astrazenneca covid vaccine research was public+charity funded( ref https://pubmed.ncbi.nlm.nih.gov/34937701/ https://pubmed.ncbi.nlm.nih.gov/34937701/ )