> Mandating lower prices for drugs is unlikely to work
Not sure if you are saying this generally, or you mean it as a response. I did not mean to indicate this, I believe lowering regulations and dev. costs would be beneficial but not mandating lower prices.
As an aside, I agree with you but would be interested to see if America can continue to compete in the drug market long term. Obviously, it is a big market, but with countries like China and India and their growing middle classes, if they have a more attractive development cycle with less regulation and tighter feedback I wonder if biotech would move overseas. America has really great biotech and science sectors because engineers move out of those countries here. If this stops, other markets become more attractive, and/or the patent system remains broken I would be pretty concerned.
Not sure if you are saying this generally, or you mean it as a response. I did not mean to indicate this, I believe lowering regulations and dev. costs would be beneficial but not mandating lower prices.
As an aside, I agree with you but would be interested to see if America can continue to compete in the drug market long term. Obviously, it is a big market, but with countries like China and India and their growing middle classes, if they have a more attractive development cycle with less regulation and tighter feedback I wonder if biotech would move overseas. America has really great biotech and science sectors because engineers move out of those countries here. If this stops, other markets become more attractive, and/or the patent system remains broken I would be pretty concerned.