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pgsbathhouse | 6 years ago

>Most new drugs come out of the US and socialized governments create generics at a fraction of the cost, because they don't have to put any money into R&D.

This is a completely false right-wing talking point. It takes 10 minutes to uncover how just totally bullshit this is.

Don't ever repeat again or anything remotely like it (aka the rest of your post).

https://www.ncbi.nlm.nih.gov/books/NBK50972/

https://other98.com/taxpayers-fund-pharma-research-developme...

The government never sees a return in any form on the money taxpayers put forth. But private companies do. Just waiting like vultures to snag whatever makes it through the proof of concept phase and claim credit.

>I can't think of anything that the government runs better than the private sector.

ISP's? Roads? Social services? Schools? Emergency Services?

discuss

order

sweeneyrod|6 years ago

Your second link has a pie chart that claims that pharma companies spend around 200x as much on advertising as clinical trials. Do you believe that is true?

wayoutthere|6 years ago

This has been known for a very long time in pharma circles. Marketing budgets are several orders of magnitude higher than R&D budgets. An extra dollar spent on marketing has much higher returns than an extra dollar spent on R&D. Most of the real "hard science" R&D is paid for with NIH grants.