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>it's an ugly process that produces great and greatly uneven value to humanity That'd be far more believable if it weren't for the fact a vast majority of the
by tw04 7mo ago
>it's an ugly process that produces great and greatly uneven value to humanity
That'd be far more believable if it weren't for the fact a vast majority of the research is publicly funded for those drug companies. They have no issues selling their drugs for less money in other markets while still turning a profit. And there's absolutely no indication they'd cease to exist with just outrageous profits, not "crippling entire economies" level profits.
- j-bos 7mo agoSo I agree with you in that it's ugly, and they do take the lion's share of benefit from public research. That said, the public research doesn't run human trials, scale up, or QC production. Still ugly, still valuable.
- deleted 7mo ago[deleted]
- NeutralCrane 7mo agoThe cheapest part of the research is publicly funded. The extreme costs come from taking the outputs of public research and trialing and developing it into a viable drug. Pharma profits also aren’t particularly noteworthy. Their revenues are, because of the ubiquity of their need, but profit margins for Pharma is pretty middle of the road compared to other industries.