3 ms·
The cost of FDA approval was at least an order of magnitude lower back then. Why would anyone spend a billion dollars getting a drug FDA approved if after they
by JamesBarney 3y ago
The cost of FDA approval was at least an order of magnitude lower back then. Why would anyone spend a billion dollars getting a drug FDA approved if after they do anyone else can manufacturer it?
- jsmith45 3y agoYou still need FDA approval to develop a generic. The FDA will not approvea generic unless both the patents and other legal exclusivities (I think the FDA sometimes grants exclusivity beyonbd the end of the patent). If patents were abolished, the FDA could instead be authorized to blanket grant such exclusivity to genuinely new drugs, with pretty much the same effect as patents.