Add to your list a repeal of the Bush era extensions to drug patent terms. Better yet, limit drug patents to three years.
—”Add to your list a repeal of the Bush era extensions to drug patent terms. Better yet, limit drug patents to three years.”
Think again, my friend...
If drug companies only have a 3-year window to recoup their vast investment in research and clinical trials, there will be no innovation. Patents are property rights.
You sound like a Democrat who doesn’t understand free market economies.
Yeah, that is a GREAT way to reward research and development...
Good idea, but that’s not my list. That’s the seven-step plan that the Trump campaign came up with in March 2016.
Oh, great.
Willing to kiss new drugs goodbye, are you?
The cost of developing a new drug is over 1 billion dollar. Three yrs is not enough time to recoup the expenses.
Patent protection for long enough to recoup those costs is one of the reasons that 80% of new drugs are developed here