3 ms·
To say that drug patents are nothing but greed is way off base. The cost of R&D together with the work needed for FDA approval is typically astronomical – the o
by wes-exp 12y ago
To say that drug patents are nothing but greed is way off base. The cost of R&D together with the work needed for FDA approval is typically astronomical – the only way you're recouping that is with a monopoly and a high price.
- henrikschroder 12y agoIf that was true, why do major pharmaceutical companies spend way more money on advertising than on R&D? (Trivially searchable, for example here: http://adage.com/article/special-report-pg-at-175/procter-gamble-s-advertising-spending-1987-2012/237974/ http://adage.com/article/special-report-pg-at-175/procter-ga...)