Hospitals to launch their own drug company to fight high prices and shortages
If you think about it, the entire US pharma industry paradigm doesn’t really make sense. A lot of exploratory research into drugs is publicly funded, but for some reason we then rely on private companies to pass FDA trials and bring the drug to market, at the cost of profits/subsidies/advertising/executive compensation/rent seeking IP.Why not publicly fund R&D all the way up to when a drug passes FDA trials, then allow any private company to produce a generic version of the drug? That way you have competition on the price of manufacturing without all the unnecessary costs involved with private IP