Quote:
Originally posted by Mmmm, Burger (C.J.)
Given that viagra was selling for what $60 a pill on manufacturing costs of probably less than 5c each, I'm pretty sure Pfizer was able to recover a fair amount of costs associated with that drug's development and a bunch of others' as well.
The fundamental proposition you and club have yet to substantiate is that current levels of R&D are optimal from a societal standpoint. I contend they are not, and that regulation could move us closer to that optimal point.
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aren't there parallels to Viagra now?* haven't the parallels driven down the cost? Patents were included in the constitution to give incentive to inventors. When inventors attempt to over-profit, then the market tends to ensure parallel products in almost all cases.
*where's bilmore?
