Reply to post: Big Pharma

IP freely? What a wind-up! If only Trevor Baylis had patent protections inventors enjoy today

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Big Pharma

They have a real problem, as their pipeline of new drugs is drying up.

My wife was in biotech, and the problem is that it is horrendously expensive to develop a new drug. With the limits of patent validity it means that the companies in reality have about 10 years to recover the investment (+ the cost of all this that went nowhere). It is also the reason no-one wants to find treatments for diseases that only affect a few or mainly poor people.

If you remove patents no sensible company would do any drug development, as others could copy from day 1. If this is good or bad I let you consider. My wife's company changed from drugs to food additives - it is much simpler to show that your stuff is harmless than to prove it is better that what is already there.

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