Unprofitable medicine. | |||||||||||||||||
Although the philosophical energy of the current administration seems almost solely devoted to social actions that will result in financial profit, the concept of community as a pooling of human capabilities to result in an environment of general benefit should maximize the potential capabilities of community to result in the protection of the community against many natural threats which may not cover enough of the population to be of commercial interest. The military is an example of a community activity that is not necessarily commercially rewarding for the nation (although exceedinly profitable for equipment providers) but is vital to the nation as a whole. There are many afflictions that have horrible results upon the sufferers but the specific afflicted do not constitute a sufficient market to interest drug companies or equipment suppliers. As it turns out, although drug companies continually publicise that their research demands tremendous outlay of funds, it turns out that an overwhelming expense of drug companies is devoted to marketing whereas it turns out that much of the basic research is the work of publicly funded institutions. Why not extend the function of the public institutions to provide medicines and equipment in the manner of a commercial enterprise for those sections of the populace that would be unprofitable for commercial institutions? A side benefit might be that a study of some of the obscure afflictions would probably provide insights to afflictions more widely spread in the general public.
sand, Jan 09 2005
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The problem with that is the problem associated with anything publicly funded; pure research doesn't yield marketable products, the results of research still need capital investment to bring the product to market, and no company or group of investors is going to be willing to expend large or small sums of money on development without an exclusive right to profit from their investment.
Profit isn't a bad thing, it's why most of us have jobs.
Nevertheless, the bulk of basic research that leads to databases that the drug companies utilize to create salable medicines is federally funded out of public money with no profit motive involved. Drug companies spend overwhelmingly more on marketing and advertising than they do on research. See http://www.mercola.com/2001/aug/4/drug_industry.htm
The coming bird flu crisis further emphasises that the market place is not the only best source for medicine that humanity desperately needs. Current capabilities for designing and producing a remedy that may be absolutely necessary for the salvation of a huge percentage of humanity are totally inadequate in establishments devoted to profit alone.
Huh? How is this different that what university researchers do all day, with grants from the NIH, NSF, DARPA, etc.?