Pro Pharma Talks
Pro Pharma Talks
Pro Pharma
Government Innovates and PhRMA Profits
24 minutes Posted Feb 21, 2019 at 12:07 am.
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24:33
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Episode Outline:

Issues

      - Government through NIH grants provides money for investigators to find new drugs

      - PhRMA takes these findings and builds new drugs

      - Taxpayers don’t benefit from innovation, but pay high prices for drugs

      - Safe harbors for physicians and pharmacist who participates in studies

      - Safe harbor for physicians and pharmacist who participate in studies

PhRMA Issues

      - Development to production is costly

      - Research leads to many failures

      - Patent monopolies

      - Marketing is costly

Remember who benefits

      - Rare for counties to participate in profits of new drugs, either directly or indirectly

      - Universities profit from new drugs

      - Countries may provide tax incentives to help drug industry develop cheaper alternatives. 

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