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Politics : View from the Center and Left

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To: Cogito who wrote (116286)	7/23/2009 11:06:50 AM
From: Steve Lokness	Read Replies (1) of 541957

Allen; If they are rewarded by the government for coming up with cheap, effective drugs, then that's what we'll get. I don't follow the logic here? Shouldn't the goal to be to come up with the most effective drug? All of the low hanging fruit has been picked as far as drugs are concerned - so now it is extremely difficult to find any drug that is effective. If you now switch incentives to be just "cheap" drugs you remove a great deal of the incentive from biotechs. You might as well close their doors send scientist home and create government labs. That was tried before .........and was called USSR. The news today on MEDX is huge for biotechs. All the investment money that has been invested in this company over the years now needs a new home. Much of it will pour into other more speculative biotechs. It is this incentive that makes biotechs one of the few shining stars in American business. steve

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