Capt Caveman
Lifer
- Jan 30, 2005
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Since I have thousands of years of history supporting my position, I'm pretty ok with it.
LOL. Yes, it would take thousands of years for the the public sector to develop the number of drugs that the private sector develops in a couple of hundred. Did you read the study I posted from The New England Journal of Medicine that Phokus thought public funding was involved with the majority of drug development?
Well, it reported that more than 80% of drug development in the last 40 years is performed by the private sector. Again, sure there would be some innovation but at a snail's pace compared to the private sector.
I've seen many Pharma start-ups come and go in the Biotech corridor that I work in, heck there was a company that's a block from me and only lasted six months b/c they were not able to get additional funding.
Interestingly, I saw this posted today - Cambridge start-up focuses on celiac disease
Thank goodness for the private sector b/c if we left it up to the public sector, research probably wouldn't start for years to decades on this disease.
