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What about the public funding that led to research and presumably went towards some of the failed attempts? It sounds like there’s simply not enough informatio
by redserk 2y ago
What about the public funding that led to research and presumably went towards some of the failed attempts?
It sounds like there’s simply not enough information to gauge if pharmaceutical companies are being honest about their claims of R&D costs.
- lotsofpulp 2y agoThere is nothing stopping governments around the world from spending money to do their own R&D and conduct their clinical trials.
- rysertio 2y agoThey do. But then the patents gets leeched by big pharma companies investing a fraction of the development costs.
- lotsofpulp 2y agoWhy does the government allow big pharma companies to “leech” the patent? What does that even mean? Can you describe the steps by which big pharma obtains the patent?
- kazinator 2y agoIf the government hands out grants, about which information is subsequently hard to get, that points to a gaping transparency issue squarely on the government side. Pharma R&D companies that are publicly listed should have some information about their balance sheets. Private equity ones are going to be the most opaque. That's kind of their prerogative.