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by mayapugai 1632 days ago
Even in academia, where most research originates and matures before being sold to corporations, the vast majority of research is tax-payer funded. I wholeheartedly agree with you stance. It's unsurprising that these regulatory barriers keep all but the wealthiest corporations out of the market considering that big pharma and insurance account for significant share the donor-base of most politicians in the United States.

Tax base funds the work, donor base collects the rewards.

2 comments

Most of the R&D done to make drugs isn't done at universities. They do some initial discovery work and invent entire new categories of drugs, but their overall role in the process of taking a druggable target to market is limited.

Academia gets to keep rewards; universities patent discoveries and license the technology to industry. This made $$$ for Stanford and UC (billions of dollars).

I am sympathetic to the idea that regular joe of US doesn't get enough benefit for their tax payments but actually I think if you look at all the benefits americans get indirectly from living here, it's hard to say for certain that individuals aren't recompensed properly. And, I suppose, if they wanted, many people can buy stock in pharma and enjoy the profits themselves.

Most of the work is NOT done by academia (i done the academic work myself). I’d say maybe 80% is done by pharma.

You think academia know how to optimize structure? Bulk manufacturer? Organize clinical trials across the globe? Check all the regulatory boxes?

> You think academia know how to optimize structure? Bulk manufacturer? Organize clinical trials across the globe? Check all the regulatory boxes?

Yes? That is literally where the standards for these things are developed, and constantly tested? For example: the techniques for optimizing structure? Developed in academia. Bulk manufacturing? Reliant on tons of science, engineering, and mathematics, that was developed in academia.

Then you would be mistaken. The proficiency in these tasks and the cost of their execution is borne by Pharma.

Regulatory capture etc is quite real and toxic. But this eat the rich stuff is getting a little out of hand.

I don't understand, where does eat the rich come in here? Academia is usually made up of people who are (relatively) rich and privileged. This has nothing to do with "eat the rich", and everything to do with answering the question: "who bears the costs?", or more appropriately "who pays the bills?".

Answering with the "tax payer" does not now imply that capitalism is evil, and corporations are awful, etc. etc. Rather, it should sober businesses, and remind them that they are part of a system. They need consumers, and consumers need them. Hurting consumers by maintaining unfair prices ultimately comes full circle, and will hurt them, in the long run, even if they profit in the short term.

Of course, our businesses tend not to think about the long term too much, but again, this has nothing to do with "eating the rich", but everything to do with pondering human hubris.