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Feb 6 (Reuters) - Global pharmaceutical firms are pressuring the United States to act against India to stop more local companies producing up to a dozen new varieties of cheap generic drugs still on-patent, sources with direct knowledge of the matter said.
An Indian government committee is reviewing patented drugs of foreign firms to see if so-called compulsory licences, which in effect break exclusivity rights, can be issued for some of them to bring down costs, two senior government officials told Reuters.
The drugs that are part of the review process are used for treating cancer, diabetes, hepatitis and HIV, said the sources, declining to give details. No timeline has been given for completion of the review process.
jrod
With me being an American and frustrated about the health care system I understand that R&D plus FDA fees are enormous. When it comes to developing new weapons, companies are usually given government grants for the R&D. This could work in medicine too and it would help offset the outrageous price of new medicine.
Hoosierdaddy71
I have a question, and I'm sincere in asking. I don't have a clue what the answer is.
Where do most of the breakthroughs in medicine come from? Is it big pharma profit machines? Or do we get the same results in a socialized healthcare country such as Canada? I've never really looked into it..
jrod
I personally think a Socialism type of healthcare is better because in the capitalism approach results in profits being more important than the patient and I believe that is an unethical practice. There are new drugs that could possibly help those with cancer, diabetes, hepatitis, and HIV but many of those patients can not afford the new drugs because they are too expensive and will likely suffer more and/or die because they have to rely on older cheaper treatments.
edit on 6-2-2014 by jrod because:
I don't think you folks understand socialism. Look at Canada and France. They have socialist health care and the people are suffering. It wouldn't work here for those same reasons. Socialism Does NOT work. never did - never will. It's not the idea of socialism that's the problem, it's the current socialist structure that's the problem.
I don't think you folks understand socialism. Look at Canada and France. They have socialist health care and the people are suffering. It wouldn't work here for those same reasons. Socialism Does NOT work. never did - never will. It's not the idea of socialism that's the problem, it's the current socialist structure that's the problem.
Hoosierdaddy71
I have a question, and I'm sincere in asking. I don't have a clue what the answer is.
Where do most of the breakthroughs in medicine come from? Is it big pharma profit machines? Or do we get the same results in a socialized healthcare country such as Canada? I've never really looked into it..