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by fooker
1156 days ago
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Necessity is the mother of invention. Your company maybe won't spend a billion dollars on this research. Maybe some govt funded research will work out, maybe a dozen other people will run into the discovery at some point. A large majority of inventions by humans haven't been motivated by profit. |
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In theory the government could nationalize the entire pharmaceutical industry but there is no evidence that bureaucrats are capable of reliably picking the right candidate drugs. Countries with weak IP protections do relatively little new drug development.