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Authored by: Anonymous on Tuesday, September 04 2012 @ 11:02 AM EDT |
They were never designed to [ Reply to This | Parent | # ]
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Authored by: Anonymous on Tuesday, September 04 2012 @ 02:36 PM EDT |
Patents on medical advances (especially pharmaceuticals) allow the developer to
charge enough to recoup the research costs and make a profit. Then when it goes
off patent, it becomes available very cheaply due to generics (who know exactly
how to make it from the patent application and other material on it).
This is much, much closer to how patents are supposed to work. In this case, the
exclusivity of the patent makes it profitable to develop a new medicine, as
there are significant costs to research and run trials and get FDA approval, but
actually making pills doesn't cost much.
(Whether the companies are overcharging during the life of the patent and making
ludicrous profits is a different issue - the point is that they'd be taking a
loss without patents, and we'd have fewer medical advances)[ Reply to This | Parent | # ]
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Authored by: Anonymous on Tuesday, September 04 2012 @ 05:17 PM EDT |
The lawers make money whichever side they are on, more law suits including
appeals the more money they make.[ Reply to This | Parent | # ]
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