| ▲ | mschuster91 an hour ago | |
> Drug patents are much more short-lived It doesn't make sense to extend drug patent lengths though because often enough, after the release of a compound, it takes just a few years for a new and updated version of it to be researched. However, the counterpoint can also be made that it should be extended, as the permit process for medical compounds takes years and costs billions, with the short patent lifetime forcing pharma companies to command absurd prices just to recoup the R&D cost. (IMHO: the system on how we research pharmaceuticals and how we fund it must be drastically reformed. The question is, how do we prevent China and India from just taking our research and copying it for free, it's already bad enough) | ||
| ▲ | po1nt 24 minutes ago | parent | next [-] | |
Issue of pharma development is not that you need a protection from copycats. You need to pass a mountain of regulations and bureaucracy. Most of the medications are easily copyable but would take years to be able to get to the market. See insulin prices difference in europe vs US | ||
| ▲ | philipallstar 35 minutes ago | parent | prev [-] | |
> It doesn't make sense to extend drug patent lengths though because often enough, after the release of a compound, it takes just a few years for a new and updated version of it to be researched. I think this is an inversion of cause and effect. | ||