Reply to post: Re: pharmaceuticals

Brexit Britain changes its mind, says non, nein, no to Europe's unified patent court – potentially sealing its fate

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Re: pharmaceuticals

Without the patent system, no company is going to sink hundreds of millions of quid into the drug discovery process, stage I-III clinical trials et al only for $generic_manufacturer to turn around and start knocking the pills out at 2% over cost, without any of the sunk costs. You can't even have the protections fo a "trade secret" because the testing, safety trials and approval process will have to clearly publish what is in those pills.

The patent system isn't great, but, to murder a Churchill quote, like democracy, it's worst system we have apart from all the others that have been tried.

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