Mojo
Mostly harmless
On the front page of today's Grauniad:
Scientists find way to slash cost of drugs
They say, further on in the story,
The drug companies are only prepared to put in the sort of investment necessary to develop new drugs because the patent system gives them a temporary monopoly during which they can recoup their investment. If this monopoly is undermined in the way suggested, there may no longer be a good case for them to invest in the sort of development currently carried out.
Scientists find way to slash cost of drugs
OK, producing cheaper drugs may be desirable, and what is proposed here may be legal, but is it "ethical", and is it sustainable? What they seem to be proposing is to let "Big Pharma" spend money developing new drugs, then, at comparatively little cost, tinker with them just enough to obtain a separate patent, thus undercutting the pharmaceutical companies.Sunil Shaunak, professor of infectious diseases at Imperial College, based at Hammersmith hospital, calls their revolutionary new model "ethical pharmaceuticals".
Improvements they devise to the molecular structure of an existing, expensive drug turn it technically into a new medicine which is no longer under a 20-year patent to a multinational drug company and can be made and sold cheaply.
The process has the potential to undermine the monopoly of the big drug companies and bring cheaper drugs not only to poor countries but back to the UK.
...
Multinational drug companies put the cost of the research and development of a new drug at $800m (£408m). Professors Shaunak and Brocchini say the cost of theirs will be only a few million pounds.
They say, further on in the story,
Certainly, it would be better if we could use public funds to develop new drugs and supply them to the NHS at lower cost, but is that public money available?"We have become so completely dependent on the big pharmaceutical industry to provide all the medicines we use. Why should we be completely dependent on them when we do all the creative stuff in the universities? Maybe the time has come to say why can't somebody else do it? What we have been struck by is that once we have started to do it, it is not so difficult."
The drug companies are only prepared to put in the sort of investment necessary to develop new drugs because the patent system gives them a temporary monopoly during which they can recoup their investment. If this monopoly is undermined in the way suggested, there may no longer be a good case for them to invest in the sort of development currently carried out.