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by kennend3 1313 days ago
Actually.. the negotion goes like this:

" When inventor Frederick Banting discovered insulin in 1923, he refused to put his name on the patent. He felt it was unethical for a doctor to profit from a discovery that would save lives. Banting’s co-inventors, James Collip and Charles Best, sold the insulin patent to the University of Toronto for a mere $1. They wanted everyone who needed their medication to be able to afford it.

"

There is no "IP in Canada for Insulin given UofT "owns" the patent.

Most of the price differences between US and Canada stems from the difference in patents and trademarks. Canada has far more "Generics" vs the US.

1 comments

Actually, the health system that Canada has did not start until 1947, and the product you are talking about is literally not the product under discussion.