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Future by Formulary

Submitted by Tim Koranda, Feb 22, 2007 08:19

The drug companies can't simply introduce a product as Microsoft does and spend subsequent years patching up the mistakes. Once a drug company obtains a patent, the compound undergoes animal and human trials. The process takes upwards of 15 years. Why doesn't the government extend the patents for an additional 15 years, so that the companies wouldn't have to charge so much to pay for R&D before the compound goes generic?

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Other reader comments on this article

Comment	By	Date
John, many people who generally understand demand and supply use that phrase to the confusion or doubt of most other... [MORE]	Howard (Howie) Flinker	Feb 23, 2007 13:24
Drug markets are not driven by market forces, with or without government interference. As a Pharmacist for over 2 decades,... [MORE]	Ruben Safir	Feb 22, 2007 20:57
The drug companies can't simply introduce a product as Microsoft does and spend subsequent years patching up the mistakes. Once...	Tim Koranda	Feb 22, 2007 08:19
So we should open up compition and markets by creating a bigger artificial monopoly and extending patents 99 years like... [MORE]	Ruben Safir	Feb 22, 2007 22:48

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