Re:New owners of eBaum's World fire ebaum and his staff
by redrobot5050 on Monday February 09, 2009 @09:20AM
(#473462)
I agree. However, governments, who have a mandate for public welfare, can fund the medical/clinical trials for OTC generics. Countries with socialized medical systems are already doing that.
Combine that with the headstart of stem cell research the UK and Germany has, and we'll like see some cost-saving medical breakthroughs coming out of that part of the world in the next 3-5 years.
Umm, that's an argument against regulation. Regulation is imposing a cost that can't be recovered.
Note that the initial testing established "safe" (for some definition of "safe"), so any regulation-required testing is mostly for efficacy.