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New drug development is largely funded by the government already. There are basically 0 new compounds on the market in the last 20 years. Most of the cost for d
by throwaway48476 2y ago
New drug development is largely funded by the government already. There are basically 0 new compounds on the market in the last 20 years. Most of the cost for drug development that is pricately funded is just dealing with regulation, not doing R&D. It is always economically more efficient to develop drugs instead of cures.
- nradov 2y agoThe vast majority of drug development costs are are in phase-3 human clinical trials. That's not just regulation, it's essential to prove safety and efficiency. The government provides very little funding for those trials. Stop making things up.
- throwaway48476 2y agoA lot of the reason efficacy is so regulated is that people shouldn't go into debt for snake oil. If on the other hand there is no cost to the patient and minimal cost to the taxpayer the downside for inefficacy is much less and doctors would be freer let patients take a chance. It would also help more drugs get tested faster on more people.