3 ms·
Pharmaceuticals definitely seem to be an exception, since the time + cost of developing a drug (years + billions of dollars) is so staggeringly large compared t
by defen 14y ago
Pharmaceuticals definitely seem to be an exception, since the time + cost of developing a drug (years + billions of dollars) is so staggeringly large compared to the cost of manufacturing / copying. So maybe there needs to be a special type of patent that only applies to drugs and treatments for medical conditions.
Going up one level though - how much has society truly benefitted from the billions (trillions?) of dollars that have been spent on developing new drugs? This is admittedly a field I know very little about, but to what extent are improvements in quality of life / life expectancy in the U.S. in the past 40 years due to new drugs, vs better diet, exercise, reductions in smoking, better emergency medicine, occupational safety regulations, safer cars, etc?
- cpeterso 14y agoSome reports claim the pharmaceutical industry spends almost twice as much on marketing and promotion as it does on research and development. http://www.sciencedaily.com/releases/2008/01/080105140107.htm http://www.sciencedaily.com/releases/2008/01/080105140107.ht...