minus-squareAvatar_of_Self@lemmy.worldtoTechnology@lemmy.world•Jack Dorsey and Elon Musk would like to ‘delete all IP law’ | TechCrunchlinkfedilinkEnglisharrow-up1·edit-210 days agoIn the US the tax payer subsidizes almost all drug research. Between 2010 and 2019 the NIH spent $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. https://pmc.ncbi.nlm.nih.gov/articles/PMC10148199/ Or https://jamanetwork.com/journals/jama-health-forum/fullarticle/2804378 The cost to develop each drug is between about $1 and $2.5 Billion 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 or perhaps why should they have any ownership if most of the funding is from the public? linkfedilink
In the US the tax payer subsidizes almost all drug research. Between 2010 and 2019 the NIH spent $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.
https://pmc.ncbi.nlm.nih.gov/articles/PMC10148199/
Or
https://jamanetwork.com/journals/jama-health-forum/fullarticle/2804378
The cost to develop each drug is between about $1 and $2.5 Billion
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 or perhaps why should they have any ownership if most of the funding is from the public?