While I support IP for individuals, I don’t support it for large companies and definitely not for drug companies.
I understand the money involved in making drugs, but you should not be able to monopolize a life saving drug and charge exorbitant money for it. Most of the initial drug research is done by scientists not associated with drug company.
Drug companies should be allowed to make back their investment and should be allowed up make reasonable profit. They should not be allowed to make unlimited profit forever.
Drugs produced as a result of publicly funded research should be manufactured and sold at a reasonable profit to support more publicly funded research.
The root of this issue is just having patents for those drugs and not allowing generic drug makes manufacture drugs that are a lot more affordable.
They are a lot more affordable because the generic drug manufacturers didn’t pay for the research and development. They’re taking the product of someone else’s hard work, voting it, and selling it for less. That’s easy when you didn’t spend money developing the drug. There had to be some profit in making drugs if you want companies to do it but what I’m saying is that that should not be unlimited.
I disagree. If the patent was never filed the compound is hard to reverse engineer. Even then it has to go to drug trials.
As I stated before most of the research is done by researchers. And drug companies mostly spend on advertising and lobbying and executive pay compared to the money spent on research.
Like I said…if the research GND development is publicly funded then the drug should be public and we should pay enough for it to pay for the research into the next drug. Socialism.
If a company pays for the research and development then they should be allowed to make their investment back with reasonable but not unlimited profit and not forever. Limited capitalism.