Um, intellectual property law?
Drugs can cost millions to develop. You take away the IP rights and the profits, there is no incentive for big pharma to invest in R&D and governments do not have the money to do that, especially if they will be making drugs and giving them away for free which will involve production costs.
Patents? Typically £1billion to get a drug to market with less than 5% getting through a stage 3 trial and to market. Imagine the people, infrastructure, capital and R&D costs.... Not the job or risk burden of government me thinks
Diagnosed 13/4/16: T2, no meds, HbA1c 53, FBG 12.6, Trigs 3.6, HDL .75, LDL 4.0, BP 169/95, 13st 8lbs, waist 34" (2012 - 17st 7lbs, w 42").
6/6/16: FBG AV 4.6, Trigs 1.5, HDL 2.0, LDL 3.0, BP 112/68, BPM 66, 11st 11lbs, waist 30".
Regime: 20g LCHF, run 1 mile daily, weekly fasting.
I am talking about Insulin - not some virus fighting drug (tamiflu waste of space) - which is enormously complex compared to cloning insulin. Which has been around decades. The only reason it is "reinvented" is to make the patent last longer.
Insulin is OLD - it's also found in nature.
For some reason people seem to forget we are replacing something that is already made by every living animal.
Please read the link above about Lantus and their patent. Still making millions profit - not turn over, not loss.
But keeping people sick is healthy business right?
Why make things that last forever, when you only need to keep it alive.
The really scary part is the recent development of billionaires and speculators buying drug patents and then hiking up the price. Apparently some charmers are now doing it in the Indian drug market.
Every time I read about another incidence of pharmaceutical patent trolling (see Martin Shkreli) I feel a little more sick than the last time.The really scary part is the recent development of billionaires and speculators buying drug patents and then hiking up the price. Apparently some charmers are now doing it in the Indian drug market.
UK is still a member of the EU. And will remain so for some time, at least.Maybe now we have left the eu we might start making our own versions !!!
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Let's not forget that much medical research goes on in universities and funding comes from both private and public funds. Pharmaceutical companies don't have the monopoly on research.
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A lot of funding is by EU grants.
He asked me why I was bothered as I wasn't paying
Think we all pay with our NI contributions.
The NHS love to throw money away for some reason. I personally have my routine bloods duplicated at my clinic and local practice. I've told them twice that there is no need for this yet they say that they "prefer it this way".
Grant
A lot of funding is by EU grants.
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