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Thu Feb 13, 2020, 03:21 PM

Irony? Many saved by new life saving drugs should think twice before wailing about their

cost! They should think how, if Congress had limited profits so that research was financially insurmountable back when, THEIR drug of choice might not been developed/discovered!

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Reply Irony? Many saved by new life saving drugs should think twice before wailing about their (Original post)
Dumper Feb 13 OP
AmandaCMatthews Feb 13 #1
Dumper Feb 13 #2
AmandaCMatthews Feb 13 #3
Valishin Feb 14 #7
Magoo Feb 14 #4
AmandaCMatthews Feb 14 #5
bernt-toast Feb 14 #6

Response to Dumper (Original post)

Thu Feb 13, 2020, 06:15 PM

1. Pfffft! Spare us the BS.

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Taxpayers — not Big Pharma — have funded the research behind every new drug since 2010

Something odd happened when the Trump administration submitted the original version of its latest pro-corporate budget: Big Pharma didn’t like it.

The problem wasn’t a tax hike or new regulations: the problem was that the budget included deep cuts to the budget of the National Institutes of Health.

If those cuts had gone through, they would have exposed one of the biggest lies told about Big Pharma: that the current system of patents and price-gouging is just an unfortunate necessity to cover the cost of all their brave and noble R&D work.

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Trump’s original spending proposal for fiscal year 2019, released last month, included major cuts to not just to the NIH, but the National Science Foundation as well. It is those two publicly funded entities — not Big Pharma — that support the bulk of the country’s basic research into diseases and pathways to new treatments.

That’s why the cuts were especially unwelcome in the executive suites of drug and biotech companies. Their business models depend on Washington subsidizing expensive, high-risk basic research, mostly through the vast laboratory network funded by the NIH.

Just how important is our publicly funded research to Big Pharma and Biotech? According to a new study by a small, partly industry-funded think tank called the Center for Integration of Science and Industry (CISI), it is existentially important. No NIH funds, no new drugs, no patents, no profits, no industry.



https://other98.com/taxpayers-fund-pharma-research-development/

****

I take 7 pills a day to stay alive so don’t you dare try to pull this phony bullshit on me and people like me who fucking know better.

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Response to AmandaCMatthews (Reply #1)

Thu Feb 13, 2020, 06:37 PM

2. The tax code has always reflected what pols think will help humanity.That they may be

wrong doesn't mean it's automatically badly motivated by greed. Good intentions often have negative, unexpected consequences!

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Response to Dumper (Reply #2)

Thu Feb 13, 2020, 06:38 PM

3. Whatever the fuck that was supposed to mean.

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Response to Dumper (Reply #2)

Fri Feb 14, 2020, 02:12 PM

7. Sounds like a good reason

not to do that.

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Response to AmandaCMatthews (Reply #1)

Fri Feb 14, 2020, 01:32 AM

4. One of the many things that I did not know.

I appreciate that you took the time to post this.

Thank you

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Response to Magoo (Reply #4)

Fri Feb 14, 2020, 06:09 AM

5. Youre welcome.

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Response to AmandaCMatthews (Reply #1)

Fri Feb 14, 2020, 01:16 PM

6. agreed, 100%

Furthermore, people buy the exact same drugs in other countries for *way* less money than Big Pharma charges Americans.

That's why so many near the northern border drive to Canada to get their meds.

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