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by schiffern
2818 days ago
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>Nobody would invest millions into figuring out the right arrangement of atoms that cures some disease Sure they would. It's called public research, most of which is promptly handed to private companies to profit from. Pharmaceutical research is hugely taxpayer subsidized.[1] Let me be clear: I think the funding is a good thing, but the privatization (read: theft) of subsequent profits is bad. [1] https://other98.com/taxpayers-fund-pharma-research-developme... |
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Of course these companies use information obtained through public research, they're supposed to, because there's a long process from research to an approved product, which is what the research institutions do not do. Public and private research goes hand in hand, just like in other industries. The study quotes a hundred billion in public funding over six years, compare that to private R&D budgets of well over 50 billion per year:
https://en.wikipedia.org/wiki/Pharmaceutical_industry#The_co...
It's not "a scam", as that article wants you to believe. You should stop reading that website, it's making you more uneducated.