Gov't to Start Making Pharmaceuticals
source: http://www.denverpost.com/nationworld/ci_17171570?source=rss
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- rodstradamus
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The Obama administration has become so concerned about the slowing pace of new drugs coming out of the pharmaceutical industry that officials have decided to start a billion-dollar government drug development center to help create medicines.
The new effort comes as many large drugmakers, unable to find enough new drugs, are paring back research. Promising discoveries in such illnesses as depression and Parkinson's that once would have led to clinical trials are instead going unexplored because companies have neither the will nor the resources to undertake the effort. Drug companies have typically spent twice as much on marketing as on research, a business model that is increasingly suspect.
The initial financing of the government's new drug center is small compared with the $45.8 billion that the industry estimates it invested in research in 2009. The cost of bringing a single drug to market can exceed $1 billion, according to some estimates.
Groundwork for drug firms
The National Institutes of Health has traditionally focused on basic research, such as describing the structure of proteins, leaving industry to create drugs using those compounds. But the drug industry's research productivity has been declining for 15 years, "and it certainly doesn't show any signs of turning upward," said Dr. Francis Collins, director of the institutes.
The job of the new center, to be called the National Center for Advancing Translational Sciences, is akin to that of a home seller who spruces up properties to attract buyers in a down market. In this case, the center will do as much research as it needs to do to attract drug company investment.
Read more: Federal agency to spearhead new drug-development center - The Denver Post http://www.denverpost.com/nationworld/ci_17171570?source=rss#ixzz1BsgqBwLu
Read The Denver Post's Terms of Use of its content: http://www.denverpost.com/termsofuse
So, since the drug companies aren't spending on R&D with their record profits, the tax payer will fund it with a government agency, who will then sell it to the drug companies, who will then sell it to us at more record profits. Oh by the way, when was the last time a pill cured anything?
The new effort comes as many large drugmakers, unable to find enough new drugs, are paring back research. Promising discoveries in such illnesses as depression and Parkinson's that once would have led to clinical trials are instead going unexplored because companies have neither the will nor the resources to undertake the effort. Drug companies have typically spent twice as much on marketing as on research, a business model that is increasingly suspect.
The initial financing of the government's new drug center is small compared with the $45.8 billion that the industry estimates it invested in research in 2009. The cost of bringing a single drug to market can exceed $1 billion, according to some estimates.
Groundwork for drug firms
The National Institutes of Health has traditionally focused on basic research, such as describing the structure of proteins, leaving industry to create drugs using those compounds. But the drug industry's research productivity has been declining for 15 years, "and it certainly doesn't show any signs of turning upward," said Dr. Francis Collins, director of the institutes.
The job of the new center, to be called the National Center for Advancing Translational Sciences, is akin to that of a home seller who spruces up properties to attract buyers in a down market. In this case, the center will do as much research as it needs to do to attract drug company investment.
Read more: Federal agency to spearhead new drug-development center - The Denver Post http://www.denverpost.com/nationworld/ci_17171570?source=rss#ixzz1BsgqBwLu
Read The Denver Post's Terms of Use of its content: http://www.denverpost.com/termsofuse
So, since the drug companies aren't spending on R&D with their record profits, the tax payer will fund it with a government agency, who will then sell it to the drug companies, who will then sell it to us at more record profits. Oh by the way, when was the last time a pill cured anything?
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jj2010
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NO Please don't start. We need more studies on natural cures. The gov't just needs to make a quick fix revenue source and they are so profitable.....but they kill more: http://www.truth-out.org/111208HA
- 1 year ago
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jj2010
