Re: the Democrats are in charge
Quote Plainsman
Just like I don't mind big oil making money when they can. I beleive in capitalism. Maybe you should buy some stock in them so you can make some $ yourself.
Why do you have a problem with people making money?
No Plainsman no problem them making a buck, was responding to this part of your post.
<<But when the drug companies stop making a big profit, they will stop spending big dollars on R&D, which in the long run will hurt us all.>>
Marcia Angell, former editor-in-chief of the New England Journal of Medicine, shows that much of what we thought about the drug companies is wrong. For one thing, theyre not innovative. Believe it or not, drug companies simply do not do research into major new drugs. All the real research is done at universities and funded by the government.
Thanks to the Bayh-Dole Act, universities can then patent these medical discoveries made by their employees using public(taxpayer money Eric) funding, which they then turn around and sell to the drug companies for a relative song. Often the universities have done all the work including clinical trials and drug companies just start up the manufacturing plants.
2001 Data Show Big Drug Companies Spent Almost Two-and-a-Half Times as Much on Marketing, Advertising and Administration as They Spent on Research and Development. This data I six years old, there profits for 2006 are shaping up to be record profits seeing as they bribed the Republicans into plan D, of the prescription drug act for seniors with $10,172,305, in campaign founds in the 2006 election cycle.