Quote:
Originally Posted by JoshBB
This whole patent thing seems really wrong to me.. saving lives is more important than a company getting an extra 0 on the end of their paycheck.
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Without the patent safe guard no company would invest in the research to provide the new drugs, so it would kill any future progress stone dead.
Just to provide perspective:
The pharms industry is valued at $1 trillion, pharm companies make around 20% profit
Only 1 in
5000 new drugs makes it to market.
Each drug costs around 1.5 - 2.5 billion to develop and averages around 10 years to develop.
Its a huge and very risky area, and 20% profit is tiny compared to many other industries.
23-09-2015, 04:19 PM
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