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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