Quote (JEB90 @ May 7 2013 04:40pm)
Clearly it could use some reform, but without it we wouldn't have any drugs.
Mmmmm....you say that...but most (85% IIRC) drugs are initially developed in the public sector with public money.
After they are developed as new molecular entities (NMEs) they are patented. The big drug companies then buy these patents and develop the drugs, putting them through clinical trials, etc.
There's a good argument to be made to completely do away with private drug companies altogether and have a purely state run/arms length heavily regulated (think crown corporation) department that would fund, develop, research and test new drugs.
This would cut drug prices drastically and prevent abuse of patents by drug companies (think ever-greening).
When drug companies actually spend very, very little money doing actual early stage research (they spend 3-4x more on advertising alone), what makes you think that eliminating patents would all of a sudden completely wipe out all drug R&D?
A good read on the subject:
http://www.commercialalert.org/relmanangell.pdf