Posted on 01/25/2011 1:06:19 PM PST by Roos_Girl
Faced with a diminished drug-development pipeline in the private sector, the Obama administration is starting a federal drug development center, aiming to spur the creation of new medicines.
The new National Center for Advancing Translational Sciences will get $1 billion in funding to conduct drug research with the goal of attracting private investors. Federal scientists may go so far as to start human trials if necessary, the New York Times reports. Federal officials want the center to open as soon as October.
(Excerpt) Read more at popsci.com ...
Insanity.
Drug researchers and biochemists at the large pharmaceutical houses make upwards of $200,000.00 a year. I suspect Obama’s people will be GS-12s because, quite frankly, they won’t be nearly as talented as the ones Merck, Bristol-Myer Squibb, etc., hire. And they won’t produced a single worthwhile drug in twenty years — but like Carter’s creations the Departments of Energy, Health and Human Services, Education, and Housing and Urban Development — will be with us 30-odd years out after wasting trillions.
This will be a way to fast track some drugs and slow track others. It’s a shakedown of the pharma industry.
The State Science Institute... what could go wrong?
Intelacillin? How about Religidoxime?
Perhaps the motherload, Freedomycin.
.
...”start human trials”...(guinea pigs, in other words).
Another huge failure on its way at the taxpayers expense. What will it do next mandate that everyone has to by govt drugs products?
Obamacare spells death to the American drug industry, death to technological achievements of many kinds... and they are admitting it already, just not in those words.
Bastard commies. America will be in the backseat (in many arenas) due to their ill thought out experiments.
I believe its all intentional by the Obama mantra, death to America.
There is big money to be made being a pill pusher. About 20% of the new drugs introduced by sales volume are all amphetamine type drugs which make people feel better. For a while.
Everyone loves speed as long as you don't call it that.
And Obama”Care” will FORCE you to take the government pill.
Could someone please take the Mastercard away from this dolt?
Im not sure theres anything to be concerned about. They’re only getting a billion in funding. Thats not enough nearly enough for any sort of substantive output. So, Id be real interested in whats actually going to happen w/ this $.
Bullsh!t. Its another industry takeover. The gov makes the most popular drugs at a reduced cost and then forces those on obamacare to use only gov. Created product.
Buy the government label will replace buy the union label.
And Americans will have no choice at all.
scary thought
This is from the Onion or John Semmons - right?
It’s turning into the movie ‘Idiocracy’ before our eyes.
Innovation and discovery, absent the capitalist free market system, is very, very rare. Government just can’t do it.
Hussein works to destroy the private sector by regulation and then creates a Big Brother competitor funded with tax dollars—ie, limitless capital!!! Ain’t that just charming.
With most of the governments of the world limiting the amount of money drug companies can make and even threatening to steal their patents outright if they don’t produce and sell the drugs cheaply enough, followed by Congress looking to do the same until last November, is there any wonder why drug research has gone downhill?
Sovereign immunity, baby. This is one way to regulate the kickbacks to the lawyers tort industry.
But seriously, I don't know. Can government doctors be sued for civil damages for malpractice?
Another benefit to government development labs is they can short-circuit or strongarm the regulatory oversight agencies. Quicker time to market, quicker return cash flow to cover the research, etc. If they are really serious, they will release all the developed drugs to generic manufacture, from day one. No patent royalties.
They already make a pretty good emetic.
Everytime I read the news, I want to puke.
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