Quote:
Originally Posted by gideongallery
technology has advanced in the cost effective testing of drugs
technology has improved the speed in which new drugs can be developed.
yet the life of patents have INCREASED.
i am not for getting rid of patents completely, just putting them back to the level they were at when we started.
if that were to happen companies would be forced to make new wonder drugs quickly to replace the revenue of the old drugs when they become "generic" and open to copying in the free market.
remember i said i disagree with the economist, we don't have free trade, we have free-er trade, there are still tarrifs, there are still import restrictions and safety standards.
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Drugs can't be made quickly and that's a good thing. They need to go through years of testing internally and through the FDA before being approved.
I don't have an issue changing some of the patent laws that allow drug makers to patent the same thing over and over with some different verbiage, but I don't want to see drugs rushed out the door without proper testing because a company is afraid of someone else using their innovation for profit.