Quote:
Originally Posted by spellbanisher
This is true for most industries. In a way it is a form of double taxation. The public pays taxes for the research and development done at universities, then it pays again when that research is patented by a private company.
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There is no question that government funds much of the basic research that leads to the development of new pharmacueticals. Thetre is al;so no question that pharma companies mpay big money to develop aand bring to market the drugs that are created from the research. the pharma companies, as Harry T says, also bear the risk of developing the many drugs that dont make it in the marketplace.
This comes from someone who is no fan at all of Biig Pharma, but credit where credit is due.