4 ms·
I wonder if a system like that could work. SpaceX and numerous other companies were able to draw in billions of dollars of funding for R&D to chase after US Go
by bodiekane 2y ago
I wonder if a system like that could work.
SpaceX and numerous other companies were able to draw in billions of dollars of funding for R&D to chase after US Government contracts that could only be won by proving massive technological feats (reusable rockets, etc).
Hypothetically, it seems we could do something similar for drugs. Instead of "If you make a medicine that works, you get a monopoly to sell it for X years" it could just be "If you make a medicine that works, you get a check for $X, and then the drug is immediately generic".
- chroma 2y agoThe regulations are different. The FDA only gets in trouble if they approve a drug that turns out to be harmful, not if they fail to approve (or delay approving) a beneficial drug. On net, the FDA has caused far more harm than they’ve prevented. eg: Banning the importation of infant formula from the EU, or delaying the approval of new beta blockers by a decade.