Hacker News new | ask | show | jobs
by longerthoughts 2777 days ago
The government does frequently fund the discovery of new drugs. The problem is that the return on that investment is usually abysmal and the taxpayer ends up not only paying to fund the drug’s discovery, but also paying absurdly high prices to buy it from pharmaceutical companies who passed some or all of their risk onto taxpayers.

One example: https://abcnews.go.com/WNT/YourMoney/story?id=129651

2 comments

If you read the article, the drug was in fact discovered at UBC, which is a publicly funded university.

But it turns out that discovering the drug wasn't the expensive part. The expensive part was privately funded.

Of course. Most of basic science in the US is government funded. I'm wondering what the OP thinks about removing the barrier that they identified (private corps paying for the trial vs gov paying for the trial) and how that would affect their thinking.