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by kybernetyk
3907 days ago
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Yes, but no university can afford to take the research results, make a cure from it and bring it to market. The regulatory overhead literally devours billions of dollars to get a new medicine approved. And if a company can not expect to have some exclusive rights on that for at least a few years no one is going to spend that money. Competitors could just take your medicine, copy it and sell for lower because they had no upfront costs of getting it approved. The economics behind pharmaceuticals are perverted - but at least they work. |
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And even if all "cures" are no longer patentable - society wants cures to diseases. So if the system isn't delivering cures society will change the approval system[1]. It's not like the current approval process was handed down from god on stone tablets.
1) Or change patent law to cover discoveries from nature.