If the new company did the r&d costs then great! That'll force competition into the market and drive prices down.
It they stole the IP I'm very sad to see that. Drugs are incredibly expensive to prove they work and they're safe. If we want to continue to receive new cures, we have to let drug companies recoup their costs.
The drug patent process definitely needs reform. Eventually these drugs ought to become public domain as everything does so we can advance humanity. I feel a lot better patent system for drugs would be 10-15 years after the drug is approved, with a capped provisional during the process. I feel like the strikes a balance between allowing companies to safely research and protect their cost but also will allow generics to enter the market eventually.
It they stole the IP I'm very sad to see that. Drugs are incredibly expensive to prove they work and they're safe. If we want to continue to receive new cures, we have to let drug companies recoup their costs.
The drug patent process definitely needs reform. Eventually these drugs ought to become public domain as everything does so we can advance humanity. I feel a lot better patent system for drugs would be 10-15 years after the drug is approved, with a capped provisional during the process. I feel like the strikes a balance between allowing companies to safely research and protect their cost but also will allow generics to enter the market eventually.