Comment on Jack Dorsey and Elon Musk would like to ‘delete all IP law’ | TechCrunch
Avatar_of_Self@lemmy.world 4 days agoIn the US the tax payer subsidizes almost all drug research. Between 2010 and 2019 the NIH spend $184 Billion on all but 2 drugs approved by the FDA.
It worked out to about $1.5 Billion for each R&D product with a novel target and about $600 mill for each R&D product with multiple targets.
pmc.ncbi.nlm.nih.gov/articles/PMC10148199/
Or
jamanetwork.com/journals/…/2804378
I’m not sure how much is subsidized outside of NIH but I’d imagine other countries are doing the same.
Why should companies own the whole IP?
conditional_soup@lemm.ee 4 days ago
This is a great point. I know that some pharmas actually do internally funded research, it’s a thing, it happens, but it’s completely dwarfed by shareholder giveaways and government subsidies ofc.