Re:An anarchist takes on Big Pharma by teaching patients to ...
by belorn on Saturday October 14, 2017 @01:24AM
(#15470915)
Due to that risk, the wast majority of base research aren't funded by investors. NiH funding for medical research is the single biggest researcher in the world, with a annual research budget of $26.4 billion. All that is paid double by the citizens, first through taxes and then again through insurance/drug cost.
Now imagine if we had a regulation that both forbade universities from issuing patents and limited the price of any drug that is initially based on public funded research.
Due to the risk, investors are looking for high returns from successful drugs.