3 ms·
> pharma was another I thought pharma relied on patents to offset the massive cost of regulatory control over the product. (FDA fees, cost of running patient t
by omegaworks 13y ago
> pharma was another
I thought pharma relied on patents to offset the massive cost of regulatory control over the product. (FDA fees, cost of running patient trials, etc)
- magicalist 13y agoYeah, Judge Posner wrote an excellent post about how pharmaceuticals and software were basically polar opposites in their needs for patent protection: http://www.becker-posner-blog.com/2012/09/do-patent-and-copyright-law-restrict-competition-and-creativity-excessively-posner.html http://www.becker-posner-blog.com/2012/09/do-patent-and-copy...
- ensignavenger 13y agoThe reasons why patents are bad in pharma are different from software- in pharma, if you can't afford to pay for a patented drug, you (very well could) die. Also, pharma companies have been known to get patents on drugs that have existed for many years- which does not support innovation (though pharma argues it supports government regulation of these drugs, which have been on the market for many years)