4 ms·
I want Pharma to be incredibly profitable. I want kids to sign up for chemistry majors hoping they can work for pharmacy companies rather than sign up for compu
by RcouF1uZ4gsC 3y ago
I want Pharma to be incredibly profitable. I want kids to sign up for chemistry majors hoping they can work for pharmacy companies rather than sign up for computer science hoping they can work for companies serving ads.
I want there to be full employment for experts in drug design and testing.
I don’t want Pharma to be a limited profitability industry that slowly loses money and talent to other industries such as tech or entertainment.
I want kids to dream of becoming the next billionaire by develops drug that cures cancer rather than becoming a billionaire by inventing a more addictive social media app.
Talent goes where the money is. If the money gets removed, the innovation will slowly go away. And like with Boeing, it may take decades for the results to be fully realized.
Covid-19 demonstrated how important Pharma was to society. With the vaccines, Pharma yielded a consumer surplus of literally trillions of dollars (just from being able to re-open the economies).
Yes there was academia that had the basic research, but you needed companies and scientists that had years and years of experience designing, testing, productionizing, and distributing medicines and vaccines.