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by danielweber
3381 days ago
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> We just need shorter patents. This is nuts. By the time a major drug is ready for market, out of a 20 year patent there are usually only 5 years left. How much shorter do you think it should be? When they are operating under that kind of deadline, they don't have time for word-of-mouth marketing. For software, sure, I'm really willing to hear arguments that 20 years is too long. But drug patents lifetimes are already very small. If something is too expensive, wait a few years. |
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Isn't that the point? In medicine, you often can't just wait it out. Healthcare is not a normal market.
>By the time a major drug is ready for market, out of a 20 year patent there are usually only 5 years left.
>And for most new drugs, patents expire approximately 12 years after market introduction.
https://hbr.org/2014/11/the-real-cost-of-high-priced-drugs
>When they are operating under that kind of deadline, they don't have time for word-of-mouth marketing.
Word-of-mouth marketing isn't really "slow" if the drug is very effective.