> Europe does drug R&D and still manages to sell their drugs at a reasonable price to sick people
Most novel R&D, in America and Europe, happens in biotech. (“Big” pharma does trials, manufacturing scaling and distribution.) The investment thesis for most of this research does not work without the American market.
This doesn’t mean high drug prices are a necessity. Just that the funding needs to be replaced if we want to preserve innovation.
Most novel R&D, in America and Europe, happens in biotech. (“Big” pharma does trials, manufacturing scaling and distribution.) The investment thesis for most of this research does not work without the American market.
This doesn’t mean high drug prices are a necessity. Just that the funding needs to be replaced if we want to preserve innovation.