Posted on 07/01/2015 6:08:52 AM PDT by GIdget2004
That was the case a few years ago before Obamacare destroyed contract research in this country. I worked at a contract lab during the 2008 election and we could chart our business based on the Presidential polls -- Mccain up, business volume up: Obama up, Business volume down.
The act of the matter is that medical research is a venture capital dependent industry and there are very few investors that want to risk half a billion in R&D for a small startup firm with one promising compound if they had no assurance that NHS would approve it for use in their programs.
In essence our research was subsidizing the rest of the world because we had a free market with no NHS. Now Pharma companies are building huge campuses in China and Europe to gain access to their NHS systems and our research industry has been gutted.
All this talk about a big farma boy and now jamming it down our throats, wow this gay stuff has really caught on...BIG TIME.
So basically they want to make a go elsewhere, but at the same time want American style protections? Basically to go over the heads of their host countries governments and tell them what to do?
In the absence of adequate info to decide, my rule of thumb is that anything Doctors Without Borders and AARP oppose is good for the USA.
Actually they want to do development in other countries to gain access to their NHS programs (The purchaser of their product) and then submit that research to our NHS. This works for large Pharma companies that have a global scope but not for small startups that tend to be the most innovative. For them the cost of development is so expensive as to be a barrier to entry. As with all NHS systems it is good for the big companies as it limits competition from the small companies.
Ok, that totally sucks. So yet another move to stifle competition.
Thanks for the explanation :)
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