But whenever I have said this, I have been told no, that the market bla bla and all. Now in the midst of this pandemic, an American company has been given exclusive rights to make an antiviral drug that would be used in managing covid19. With this exclusivity, they will profit from it for 7 years, during which time even if generic drugs were developed, Americans would not be able to buy. I don’t know what to call it. But i have been informed it is not greed, so I leave it to the rest of you to come up with a descriptor.
Why I say it is theft. Listen to this
Gilead Sciences’ remdesivir was developed with at least $79 million in U.S. government funding, according to a paper published last week by KEI. The origins of the drug came after the 2014 Ebola outbreak in western Africa, which spurred research into potential antiviral medications to control future potential pandemics.
You can read more here
Hooray to the free market where we are told the government should keep off the markets while at the same time it is busy subsiding big companies, carrying out deregulation and all.