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by marcosdumay
2907 days ago
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It's not exactly clear if patents help or harm the drug industry. It's clear they play some very important roles, and the entire industry is structured around them. So, I sympathize with people that think it's too risky to change them. But I can't agree with that certainty on your comment. |
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It's very clear that patents are required by the drug industry before they will invest in Research or as often happens buy companies that have done research.
Now, if we give up all private R&D we could still manufacture existing drugs at much lower prices. But, turning over all drug research to non for profits and governments is a very steep price to pay.
PS: Ok their are some game theory based approaches where small countries could benefit from abolishing drug patents while benefiting from other countries research. But, that does not scale worldwide.