Medicines patent loophole 'found'

[jujuman13]

Could this be a saving grace out of the ever burgeoning health care costs?
Link
BBC NEWS | Health | Medicines patent loophole 'found'

 

[BWG]

Exactly, most new drugs are developed through universities, grants or the NIH (The National Institutes of Health, a part of the U.S. Department of Health and Human Services, is the primary Federal agency for conducting and supporting medical research.) Your tax money at work, so that the pharmaceuticals don't have to use their money to take the costly risk of developing new drugs.

Currently, many of the scientific advances which eventually lead to effective treatments are developed within universities or by researchers working for charities, but that 'intellectual property' is then sold to pharmaceutical companies who bring the product to market.

"We in academic medicine can either choose to use our ideas to make large sums of money for small numbers of people, or to look outwards to the global community and make affordable medicines."

Big Pharma is more interested in developing 'me too' drugs. They're cheaper and generate more profit.


Notice the warnings:

"The industry warned any such 'new' drug may need dedicated safety trials."

"Even if these are successful, you'd have to invest in commercial development to manufacture, distribute and promote the usage of your drug."

They don't want anyone intruding upon their little 'racket'.

 

[vandree]

Exactly, most new drugs are developed through universities, grants or the NIH (The National Institutes of Health, a part of the U.S. Department of Health and Human Services, is the primary Federal agency for conducting and supporting medical research.) Your tax money at work, so that the pharmaceuticals don't have to use their money to take the costly risk of developing new drugs.

Currently, many of the scientific advances which eventually lead to effective treatments are developed within universities or by researchers working for charities, but that 'intellectual property' is then sold to pharmaceutical companies who bring the product to market.

"We in academic medicine can either choose to use our ideas to make large sums of money for small numbers of people, or to look outwards to the global community and make affordable medicines."

Big Pharma is more interested in developing 'me too' drugs. They're cheaper and generate more profit.


Notice the warnings:

"The industry warned any such 'new' drug may need dedicated safety trials."

"Even if these are successful, you'd have to invest in commercial development to manufacture, distribute and promote the usage of your drug."

They don't want anyone intruding upon their little 'racket'.

Sounds like you have read Marcia Angell book "The Truth about Drug Companies"

 

[BWG]

Sounds like you have read Marcia Angell book "The Truth about Drug Companies"

No, I haven't read Ms. Angell's book, just observations I've picked up, reading articles concerning our totally inadequate system of dispersing medical treatment to all of our American citizens and the raping administered by the 'Big Pharmaceuticals'.
I guess I'll have to see if I can pick-up a copy of the book.






OTOH

Hey V, hiya doing?
Haven't seen you around here lately and I haven't been to L-W in a while myself. I need to drop by sometime, just to say Hi-BUF
:cheers:

 

[vandree]

OTOH

Hey V, hiya doing?
Haven't seen you around here lately and I haven't been to L-W in a while myself. I need to drop by sometime, just to say Hi-BUF
:cheers:

Hey BWG: I thought your posts sounded familiar! You should stop by: we miss you at LW

 

[tryreading]

Could this be a saving grace out of the ever burgeoning health care costs?
Link
BBC NEWS | Health | Medicines patent loophole 'found'

Wierd thing that our country has been opened up to the global marketplace in a lot of areas of trade, but not in this area that would benefit lots of Americans. Doesn't seem fair, does it? Some relief comes in knowing a person will not be prosecuted for buying drugs for their own use from Canada. It would look pretty bad to have constant news stories of sick people being forced into court for buying meds at prices they can better afford.

Even for insured people, prescriptions for tier 3 drugs are very expensive. I was taking a couple of these drugs for a while at a $50 copay each. It really adds up. It was no big problem for me, but some people would have to spend some of their monthly food money to afford that.

I don't mind the pharmo companies making money. But we should have the benefits of an international free market to go around them to Canada or wherever, to any legitimate drug seller which supplies drugs that have been FDA approved here.