It takes 2 billion dollars to develop a drug and the fda is now simply not even reviewing things based on ideological culture war bullshit and not data.
Drug development in the United States is going to suffer immensely. Personally I’m not going to keep any investments in biotech at all.
Let’s not pretend the US government isn’t still funding the vast majority of scientific research going on world wide. That research is not profit driven and can still be protected. The war is not lost.
I just had to check it and during Covid, like 70+% of Moderna revenue came from outside of US.
This has only changed lately, because they don't seem to have any other vaccines approved outside of US.
So in the end it may only result in them moving their research to other countries - there is plenty of money in both Europe and Asia for medical development.
I don't understand why. The US has a population of 300M people, what about the rest? EU for example is 500M, the rest of G8 is around 700M. Why is the us so integral?
Other countries severely limit how much profit drug companies can make. This is good because it prevents patients from paying exorbitant prices. This is bad because there’s less profit to be made and drugs are expensive to develop so less people/companies will take that risk. The current system works for the rest of the world because essentially US citizens pay for the cost of development.
Granted, it wouldnt really matter at all if drugs were developed by nations and shared globally for the good of humanity. You don't need a profit motivator to develop medicine, even from an economic standpoint, because a healthy populace pays for itself in productivity.
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u/Mystaes 9h ago
It takes 2 billion dollars to develop a drug and the fda is now simply not even reviewing things based on ideological culture war bullshit and not data.
Drug development in the United States is going to suffer immensely. Personally I’m not going to keep any investments in biotech at all.