this post was submitted on 05 Sep 2024
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He does mention the fact that medicine research is hard and requires money but doesn't explain how to solve that. This is a big argument of big pharma prices, they say it finances future research. I think a good example is how incredibly fast we got a COVID vaccine. It happened because private investors had massively invested in research platforms and they invested because they are expecting gains.
Isn’t it the case that a lot of the research is funded by governments through universities and then the pharmaceutical companies come in and scoop up the IP and charge crazy prices.
Not only that, but then they go and blow half of their budget on adverts instead of R&D.