Re:Humira’s Drug Formula: Start at a High Price, Go Higher
by barry-cotter on Monday January 08, 2018 @09:03AM
(#16096746)
That’s expropriation. If you have a rough idea of the target market, growth rate and you know how much longer the patent will last you can upper bound and lower bound the loss of the intellectual property holder.
If you want patent free medicine I suggest at least looking at what medical research looks like without the possibility of supernormal profits on some drugs to make up for the losses on all the many, many other drugs that don’t make it. One plausible model would be how the Soviet Union did drug development but I know very little about that bar that the pschopharmacologicals in Russia etc. are in some respects quite different from those used in the West.
If you want patent free medicine I suggest at least looking at what medical research looks like without the possibility of supernormal profits on some drugs to make up for the losses on all the many, many other drugs that don’t make it. One plausible model would be how the Soviet Union did drug development but I know very little about that bar that the pschopharmacologicals in Russia etc. are in some respects quite different from those used in the West.