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by salawat
2984 days ago
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Nay, sir. Just because there exists a multi-million dollar over a lifetime treatment regime doesn't mean that it is okay to suddenly "own" an equivalent chunk of cash from everyone cured. We invent treatments because we CAN'T find a cure. The treatment represents society's best effort to alleviate suffering. We solve problems so that we don't have to suffer them as a society/species anymore. Businesses exist until we figure out a way to live without them. Profit should never be the end all justification for doing something. |
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The chunk of cash is the only reason the company is doing the research to begin with.
If finding a cure was easy then it would have been found a thousand years ago -- as some of them were. The ones remaining are hard and require a lot of resources to solve. If you want someone to put that kind of money in against a high probability of failure, they have to be able to expect an even larger amount of money to come back to them if they succeed or they won't do it.
The alternative is government funding, but then you're spending pretty much the same money. The taxpayer now has to pay the tab for all the high risk/reward research that didn't pan out. And then you're subject to all the usual government issues with bureaucracy and cronyism and principal-agent problems because you've put a thick layer of abstraction between the researchers and the patient outcomes.