Should We Abolish Drug Patents? Drug companies use their political and commercial power to extend the length of drug patents and their monopoly over the drug. They buy drug patents put on sale, rather than innovating, as it is a cheaper option to make money.To know more please read the blog.

submitted by jessiesebastian from (vakilsearch.com)

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[–]goatmeal 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (0 children)

all forms of intellectual property are government granted monopolies on ideas, enabling the IP holders to control physical property that does not belong to them. getting rid of IP would increase innovation, just not any longer for the entities that formerly held IP.

[–][deleted] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (0 children)

It's worse than that. Because most effective and safe drugs have already been discovered and their patents have expired there's a push for new drugs. And a massive incentive to push studies that support these new drugs while there's nothing saying they have to publish the failed trials. These new drugs are worse but they're more profitable.

Second gen (cox-2) NSAIDS and atypical antipsychotics are good examples.

I personally believe the entire class of antidepressants is crap.

Some antidepressants increase serotonin levels, some decrease it, and some have no effect at all on serotonin. Nevertheless, they all show the same therapeutic benefit. Even the small statistical difference between antidepressants and placebos may be an enhanced placebo effect

ps. That site sucks balls.

[–]ReeferMadness 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (0 children)

Why abolish them when the problem is that they keep getting extended? Let's first fix that problem and see where we stand then. Make them non transferable too. That would go an extremely long way to curb corruption without destroying a system that has proven to drive innovation.

Trying to get rid of pattents entirely instead of fixing them only ensures that they will ever get fixed, and I guarantee you wont get rid of them either.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

yeah anything essential