Global health agencies announced Wednesday that generic versions of a groundbreaking injectable drug to prevent HIV will be made available from 2027 at around $40 a year in more than 100 low and middle-income…
speaking as a indian - the reason that this is possible because we kinda ignore medical patents and formulations. (using kinda because i do not know the exact wording in law and the cooldown period).
It should also tell you about the cost of ingredients and manufacturing vs the costs you pay for “rnd for big companies” (who often build upon work done by universities which often are run by public fundiing)
speaking as a indian - the reason that this is possible because we kinda ignore medical patents and formulations. (using kinda because i do not know the exact wording in law and the cooldown period).
It should also tell you about the cost of ingredients and manufacturing vs the costs you pay for “rnd for big companies” (who often build upon work done by universities which often are run by public fundiing)
15 years on patent drugs.
Pharmaceutical companies used to do basic research until the 90s. At this point, they are just banks who buy biotechs spun out from NIH research.
Now that NIH is gone, the industry will atrophy within a decade. There will be no new drugs.
Those companies spend more on advertising than RND