Government Innovates and PhRMA Profits
Pro Pharma Talks21 Feb 2019

Government Innovates and PhRMA Profits

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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