INSIDE PHARMA

INSIDE PHARMA

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INSIDE PHARMA
INSIDE PHARMA
Donald Trump can Tame the Big Pharma Monster by Reforming Compound Claims Patent Law

Donald Trump can Tame the Big Pharma Monster by Reforming Compound Claims Patent Law

Me thinks he has the will, and the balls, to do it, too!!!

Hedley Rees's avatar
Hedley Rees
Nov 04, 2024
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INSIDE PHARMA
INSIDE PHARMA
Donald Trump can Tame the Big Pharma Monster by Reforming Compound Claims Patent Law
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Stop Big Pharma Gaming Patent Laws and Save Millions of Lives

The following is taken from a petition I raised in 2017. Years before, I had concluded, and written about how big pharma companies shed all their physical assets to gamble on patented molecules, presenting them with blockbuster monopoly profits (as depicted by the guy in the cartoon):

“Pharmaceutical patent laws are archaic, and they’re unashamedly gamed by pharmaceutical companies. The big pharma companies apply for patents on the ‘idea’ that one molecule 'might' treat a disease. No proof needed, merely a rough idea. In fact, only one in every 250 drugs that enter development are  approved for sale. That means of the $2.6 billion big pharma claims it take to develop a drug, around $2 billion is wasted.

Not me saying that, it's the US Government Accountability Office, in its Report:

NEW DRUG DEVELOPMENT: Science, Business, Regulatory, and Intellectual Property Issues Cited as Hampering Drug Development Efforts” Report to Congre…

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