Twenty years ago, it cost about a billion dollars to get a new drug or process certified so it could be used. If you can’t lock in a patent that means only you can use it, no one will spend that kind of money. (The approval process is mandated by Congress, and it is used to funnel money to special entities and has little to do with safety or efficacy. Just money.)
“... and it is used to funnel money to special entities...”
It is used to funnel money to THEMSELVES..............
“... and it is used to funnel money to special entities...”
It is used to funnel money to THEMSELVES..............
Patents could be limited by revenue and not by time.
That would mean slower but cheaper methods could be used.
A drug might be tested and approved only in say in the country of Georgia, which has modest per capita incomes and a homogeneous population.
It might then be tested and approved in say Ghana and Vietnam.
Then the FDA might say testing and approval in Caucasian, black and Asian populations indicate it is safe enough for US use.
A royalty might then be paid for each US prescription based on the type of drug and number of treatment days dispensed until the patent limit is reached.
“The approval process is mandated by Congress”
Our records indicate you are the largest shareholder of Moderna. We are ready to test the new Moderna vaccine for safety. Nurse....
Our records indicate you are the largest shareholder of Pfizer. We are ready to test the new Pfizer vaccine for safety. Nurse....
Our records indicate you are the second largest shareholder of Moderna. The largest shareholder has a sore arm but is otherwise fine. Nurse....
Our records indicate you are the second largest shareholder of Pfizer. The largest shareholder has a sore arm but is otherwise fine. Nurse....
....
You are one of the largest 1000 shareholders. If your kids don’t get jabbed, you can’t sell your stock for more than present value.