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by nabeelms
2178 days ago
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Small nitpick here. For drugs, novel drugs in particular, 20 years is actually the required amount of time for the pharma companies to actually turn a profit. The patent applications are submitted as soon as a viable drug is discovered. After this, it requires 10-15 years of animal testing, clinical trials, etc with costs amounting to 100s of millions to billions of dollars before it can be brought to market. https://www.healthaffairs.org/doi/abs/10.1377/hlthaff.25.2.4... |
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