Big pharma R&D is 17% of revenue. How would lowering drug prices and potentially taking over some patents "nuke the entire pharma pipeline?" If you prefer unfettered capitalism, just say it. :)
Nuking the entire pharma pipeline to lower short term drug prices is just such a perfect example of how politicians think I can barely handle it. Politics is politicians being caricatures of politicians recursively until my head explodes.https://twitter.com/daveweigel/status/1198048623562514439 …
-
-
-
“Taking over some patents” will make R&D go to zero. How will companies justify multi-year, multi-billion dollar R&D projects when the resulting patent might be “taken over”?
- 6 more replies
New conversation -
-
-
I think the argument is much stronger than you make it out to be; almost every other country has cheaper drug prices than the US (with the US paying the R&D tax), and if we lowered our prices, it’s unclear what would happen to research from other countries
-
This discussion has nothing to do with lowering prices - it has to do with selectively nullifying patents.
- 4 more replies
New conversation -
-
-
Ha. The only way to make the patent system worse is to put a dictator on top of it. And when it comes to drugs, I think it would be difficult to eliminate all patents without also eliminating the FDA - but I could be wrong on that.
- 1 more reply
New conversation -
-
IDK, there should be something called "responsible patent ownership". If you own a critical patent on some technology that can help humanity, you may take your fair share for inventing it but better not get too greedy. Your invention relied on a lot of public infrastructure.
-
There could even be a government body that determines what is fair - it could be appointed by the president, and anyone who is “”unfair”” would have their patents seized. What could go wrong?
- 1 more reply
New conversation -
-
-
I usually agree with 90%+ of your tweets. Can’t believe your’re pro current drug patent laws that are simply protectionist and anti-competition. I invite you to read more on this, i bet you will change your mind.
- 1 more reply
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.