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by magicalhippo 695 days ago
Here in Norway we have this deal where oil companies can get refunded a significant fraction of their expenses searching for oil if they didn't make a profit[1].

On the flip side, once they start making a profit, they have to pay a similarly high fraction in taxes.

This is to incentivize searching while also letting the profits benefit the majority.

Had a shower thought if such a model might have worked on the pharmaceutical market as well.

[1]: https://www.nrk.no/klima/xl/leterefusjonen_-disse-selskapene...