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by rayiner
4332 days ago
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The more you turn medical research into a noble endeavor with no chance of making money, the more you're going to drive brilliant people to Wall Street and Silicon Valley companies instead. The company that developed this sold to Gilead for $11 billion (less than a WhatsApp) after 13 years. Why would Gilead even buy the company if they could copy the drug for free? And why spend 13 years building this company with no hope for an exit? Especially when drug development is incredibly risky. For every success like this, there are many companies that fold with nothing to show after burning eight or nine figures of capital. |
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