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by Retric
2907 days ago
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Drugs are trivial to reverse engineer vs develop. So, without patents their would be zero incentive for private drug R&D funding. 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. |
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