Re:Paypal Patent Application: Expedited Virtual Currency Tra...
by mayneack on Monday March 05, 2018 @07:43PM
(#16525964)
Why do you say that? Just because most modern pharmaceuticals were created with patents, doesn't mean that they wouldn't exist without patents.
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Re:Paypal Patent Application: Expedited Virtual Currency Tra...
by ggg9990 on Monday March 05, 2018 @07:45PM
(#16525968)
Because trade secrets are virtually impossible in non-biologic drugs, the entire funding ecosystem around pharmaceuticals is driven by patents.
Re:Paypal Patent Application: Expedited Virtual Currency Tra...
by mayneack on Monday March 05, 2018 @07:58PM
(#16526032)
5 minutes of googling suggests that Penicillin was not patented and the mass production was later patented by the USDA (not some private pharma company). The entire modern funding ecosystem being patent based just means it's the most profitable business model, not that it's the only way to produce pharmaceuticals.
Re:Paypal Patent Application: Expedited Virtual Currency Tra...
by jjeaff on Monday March 05, 2018 @08:50PM
(#16526277)
Some drugs likely would be discovered through non profit efforts. But it seems reasonable to believe that we would be quite a bit farther behind overall without the profit motive.
Re:Paypal Patent Application: Expedited Virtual Currency Tra...
by ggg9990 on Tuesday March 06, 2018 @01:10AM
(#16527208)
Of course itβs not the only way to produce pharmaceuticals, as pharmaceuticals are thousands of years old. But without patents the number of new drugs pharmaceuticals over the last 50 years would be probably 1-5% of it actually was.
Re:Paypal Patent Application: Expedited Virtual Currency Tra...
by tobltobs on Tuesday March 06, 2018 @02:58AM
(#16527556)
Maybe we would have less but better pharmaceuticals, because it would be easier to improve the existing ones.
Re:Paypal Patent Application: Expedited Virtual Currency Tra...
by ohf on Monday March 05, 2018 @07:51PM
(#16526001)
The way the system is set up now, there would be little incentive to make pharmaceuticals without patents. The R&D cost is insane, so to be profitable, pharmaceutical companies need exclusive rights to their drugs.
Bearing that in mind, I have no reason to believe a fully state-funded pharmaceutical system would be impossible, tied into healthcare. However, to make people complacent with that, it would have to be unbelievably transparent. Many people fear the idea of the state designing and providing them with drugs.