No one’s gonna make new drugs for you then.
The reality is, drug patents only last a few years, and then they become open for generic production.
I know that you want stuff cheaper, but people don’t just make stuff because you want them to.
I initially thought this was unfounded outrage, I thought that people were mad drugs are so expensive. Pill costs pay my salary. But, this is insanely wrong. The expensive pill prices are meant to offset the years and years (we are talking 10+ years and thousands of people’s salaries) in developing a drug. But, essentially, his company bought a drug that had already offset that cost, and then using an FDA loophole (which gives his company exclusive rights to the patent, making it impossible for other companies to create a generic version) he jacked up the price for an extra few free years of exclusivity and insane profits. He claims these profits are going in to fund future developments with his company.
The fact that someone paid someone else for a patent doesn’t really change anything though, does it?
I mean, the guy who originally invented the drug and sold the patent, was only able to do so because it guaranteed exclusive rights. Saying that the guy who bought it doesn’t have any right to do it is nonsense… of course he does… that’s why he paid for the rights to the patent. That’s how patents work.
I must be missing something here, if there is some special loophole that makes this patent special. Normally when you buy a patent, it doesn’t extend the original duration.
Yeah… just checked the article, and it was the same story I had seen previously.
My question on this is how is this drug still under patent? If the drug is 62 years old, then the patent should have expired ages ago. How is it not available for generic production?
Ah… so apparently the drug actually isn’t even under patent any more. It’s just that no one else is making a generic version?