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Default Who is gonna pay for the R&D?


"Don White" wrote in message
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"Frogwatch" wrote in message
...
With all the consideration of the govt being the party that sets
medical prices at Canadian levels, who will pay for the R&D? Most R&D
for med stuff is done in the USA because we pay for it and essentially
the USA subsidizes Canadian medicine because they do NOT pay for the
R&D, US citizens do. The govt will not pay for it and are not even
qualified to do so. Most advances in medicine and drugs over the last
50 years would never have been funded by the govt. I know from
personal experience that govt experts rarely know enough about what
really works.
Most medical R&D is funded by pvt companies who know they will make
money if the process works. If they cannot make a profit, no more
R&D, no advances in treatments, no new drugs.


What are you raving about?
Most of our drugs would be made by large companies you are familiar with.
Back in the 80s when Reagans' 'bum boy', Mulrooney was our Prime Minister,
he caved-in to American interests and changed the protected patent on
drugs from 7 years to 15 years. That meant that we couldn't throw out
cheaper generic drugs to avoid the gouging from the major companies.


Sure they are made by large companies. But it may take 15 years to make
back the money spent in R&D. For the drug you are buying and for the drugs
that failed to be a winner. Why should a drug patent time frame be less a
patent on toys or a Sham-wow?


 
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