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You could say the same thing about anything anyone owns. For government read society. Drug companies risk a lot of money in research. The prospect of reward is
by barking 13y ago
You could say the same thing about anything anyone owns.
For government read society.
Drug companies risk a lot of money in research.
The prospect of reward is why they do it
Society has determined that it's a good thing (for society) to reward certain types of risk takers.
Take that 'privilege' away and society will suffer.
- larubbio 13y agoAlthough I'm sure there has to be more to this story. If Bayer wasn't going to sell the drug in India (since it wasn't made for Indians) has that 'privilege' been taken from them? They still have monopoly rights elsewhere in the world. It does make me wonder why, in an attempt to capture more revenue, it isn't being released and priced locally in the Indian market? I'm guessing fears of re-export degrading sales in the western world?
- timbre 13y agoDifferent societies have determined different things. Indian society in particular has determined that reducing this reward to risk-takers in order to widen access to drugs is a worthwhile trade.