3 ms·
> The profit motive is why they get the capital to do the R&D. A massive amount of research is funded by public grants. iPhones are a famous example of a priva
by bccdee 2y ago
> The profit motive is why they get the capital to do the R&D.
A massive amount of research is funded by public grants. iPhones are a famous example of a private-sector product almost entirely created off the back of public research. It is absolutely not true that private investment is required for pharmaceutical R&D.