Security quote of the week

The absolute overwhelming majority of money for drug development funding comes from private sources. Around 80-90% of it (depending on the calculation method) - https://www.drugcostfacts.org/public-vs-private-drug-funding

The public and private academic funds are mostly used for fundamental research.

> Capitalism cannot work here.

So far capitalism is the only source that allowed us to get highly efficient vaccines within 6 months of disease discovery.

> All future R&D should be publicly funded and medical companies will have to live with restructuring their business model to earn their margins from the (regulated) manufacture and sale of the products.

This means that there won't be any more R&D. RIP.

Oh, and if you're expropriating everything, are you going to return investors money that they sank on failed pharma companies? I invested in an anti-sense DNA company a while ago and it totally failed (like the whole approach). I would like to get my money back, with interest.

> And the public R&D money is there: given your $5B figure, the US war of terror^W^W^Wwar on terror's budget would have covered the cost of over 1,600 novel drugs, or about 80 per year, and, bonus, would have saved US lives instead of murdering far away brown people.

Reality: high inefficient bureaucratic apparatus will be used to distribute money to cronies in the bureaucracy. Since 90% of drug candidates fail and it takes almost a DECADE to move a drug from initial screening hits to Phase 3, the funds can be embezzled with a perfect cover.