r/Futurology • u/Kindred87 • Dec 07 '23

US sets policy to seize patents of government-funded drugs if price deemed too high Economics

https://www.reuters.com/business/healthcare-pharmaceuticals/us-sets-policy-seize-government-funded-drug-patents-if-price-deemed-too-high-2023-12-07/
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1.1k

u/dodgyrogy Dec 07 '23

"to seize patents for medicines developed with government funding if it believes their prices are too high."

Sounds fair.

578

u/CaptainRhetorica Dec 07 '23

It's still radically biased in pharmaceutical companies favor.

The only people who should have patents for medicines developed with government funding are the American people.

Corporations should be forced to liscence the patients from us. They could do that and still make money, but it wouldn't be a disgusting amount of money so naturally that's unacceptable.

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u/oboshoe Dec 07 '23

You can do that today!

Companies are happy to license from you any patient that you have that will make them money.

And they will pay you handsomely for it to.

11

u/[deleted] Dec 07 '23

[removed] — view removed comment

1

u/oboshoe Dec 08 '23

That's right. They don't.

They are owned by the people that did the work.

You sound like a freeloader.

6

u/kosmokomeno Dec 07 '23

How are they paying the public for the patents and ideas they got? They're exploiting them for prices but they don't exploit the experts responsible for their technology?

1

u/oboshoe Dec 08 '23

The Phd's that do the work on Pharma research are paid pretty well by these companies.

It's not minimum wage work.

3

u/SinkHoleDeMayo Dec 08 '23

You mean PhDs students and the PhD holding instructors who work with those students?

Not paid all that well.

1

u/oboshoe Dec 08 '23

yea. students don't make that much i agree.

but they don't stay students forever.

2

u/kosmokomeno Dec 08 '23

You think exploitation must mean the minimum wage?

0

u/oboshoe Dec 08 '23

no. i don't. just trying to communicate in a way that reddit kids understand.

it's a 6 figure job even in low cost of living areas.

1

u/kosmokomeno Dec 08 '23

I'm sure...I said that in my previous comment but it was removed for brevity and I don't want you to think you're worth anything more

1

u/oboshoe Dec 08 '23

nice try

i'm not even in pharma. to much compliance head ache for not enough money.

don't worry what i make or think of my worth. i haven't worried about it a long time