Members banned from this thread: LV426


Results 1 to 9 of 9

Thread: Intellectual property rights as they relate to Big Pharma

  1. #1 | Top
    Join Date
    May 2012
    Location
    life
    Posts
    52,794
    Thanks
    13,341
    Thanked 22,579 Times in 15,814 Posts
    Groans
    249
    Groaned 1,951 Times in 1,862 Posts

    Default Intellectual property rights as they relate to Big Pharma

    Intellectual property rights as they relate to Big Pharma often have a depraved reputation of solely trying to maximize profits, but they actually serve multiple important functions, including continued work on innovation and reducing lesser quality products from entering the market. Our addiction to lionizing does not yield much in terms of increased understanding or progress.

    When one takes a big picture view of the remarkable success of the vaccination development efforts, what stands out is an array of private and public entities, from around the world, working together under the umbrella of science.

    Operation Warp Speed, a public/private collaboration, generated billions at exactly the right moment, playing a crucial role in vaccine availability. But the base of the effort depended on the slow, extraordinarily laborious process of scientific research over decades, much of which was done at privately owned firms under the auspices of intellectual property rights.

    It was not government spending, in and of itself, that saved us. The technology behind the vaccines was created over years of private investment on a global scale.

    Because of such efforts, the United States has found itself in surplus of vaccine doses, which is why the U.S. has pledged assistance to India, a place currently being hit hard by the pandemic, including at least 1 billion vaccine doses by the end of 2022. Also, vaccine manufacturers, including Moderna, Pfizer, NovaVax, AstraZeneca, and Johnson & Johnson, have promised billions of doses to Covax, the World Health Organization’s vaccine-sharing program.

    As described by Peter Pitts, president and co-founder of the Center for Medicine in the Public Interest, the United States is the global leader in pharmaceutical development, largely in part due to robust intellectual property right laws and free-market pricing.
    Rather than invest in innovation, other countries focus on price restricting medicinal imports, which pharmaceutical companies comply with as the refusal would be risking the international stripping of property rights – a la what the Biden administration just announced its support for.

    The waiver of property rights is a long-sought political goal but does more virtue-signaling than provide immediate tangible help for struggling nations. Without providing the personnel and other resources necessary, it will do little to help struggling nations develop, manufacture and distribute the vaccines. It is like handing someone a recipe book without the ingredients or utensils to make the dish.

    Rather than strip private entities of their intellectual property rights, wealthy governments can continue to donate unused vaccine doses and supplies while pharmaceutical companies consider donating vaccines or selling them at reduced prices, as they customarily do.

  2. #2 | Top
    Join Date
    May 2012
    Location
    life
    Posts
    52,794
    Thanks
    13,341
    Thanked 22,579 Times in 15,814 Posts
    Groans
    249
    Groaned 1,951 Times in 1,862 Posts

    Default

    p until last week, even prior Big Pharma naysayers were touting the successful development of effective COVID-19 vaccines. Within 15 months of the pandemic, not one, but three pharmaceutical companies developed and made available vaccines to lead the United States toward immunity nirvana. Now, over 250 million doses have been delivered in under five months.

    Rather than congratulating Big Pharma on their tremendous efforts during a time of peril, last week President Biden held true on a controversial campaign promise doing the opposite.

    Following increased scrutiny from progressive activists, the Biden administration announced its support of a plan rescinding intellectual property rights on COVID-19 vaccines, saying, "The administration believes strongly in intellectual property protections, but in service of ending this pandemic, supports the waiver of those protections for COVID-19 vaccines."

    Intellectual property rights as they relate to Big Pharma often have a depraved reputation of solely trying to maximize profits, but they actually serve multiple important functions, including continued work on innovation and reducing lesser quality products from entering the market. Our addiction to lionizing does not yield much in terms of increased understanding or progress.
    https://www.foxnews.com/opinion/bide...nicole-saphier

  3. #3 | Top
    Join Date
    Jul 2019
    Posts
    28,403
    Thanks
    26,104
    Thanked 11,856 Times in 8,415 Posts
    Groans
    18
    Groaned 2,290 Times in 2,172 Posts
    Blog Entries
    1

    Default

    Quote Originally Posted by anatta View Post
    p until last week, even prior Big Pharma naysayers were touting the successful development of effective COVID-19 vaccines. Within 15 months of the pandemic, not one, but three pharmaceutical companies developed and made available vaccines to lead the United States toward immunity nirvana. Now, over 250 million doses have been delivered in under five months.

    Rather than congratulating Big Pharma on their tremendous efforts during a time of peril, last week President Biden held true on a controversial campaign promise doing the opposite.

    Following increased scrutiny from progressive activists, the Biden administration announced its support of a plan rescinding intellectual property rights on COVID-19 vaccines, saying, "The administration believes strongly in intellectual property protections, but in service of ending this pandemic, supports the waiver of those protections for COVID-19 vaccines."

    Intellectual property rights as they relate to Big Pharma often have a depraved reputation of solely trying to maximize profits, but they actually serve multiple important functions, including continued work on innovation and reducing lesser quality products from entering the market. Our addiction to lionizing does not yield much in terms of increased understanding or progress.
    https://www.foxnews.com/opinion/bide...nicole-saphier
    Who paid for the covid 19 research??????????????
    Lock Him Up

  4. #4 | Top
    Join Date
    Sep 2019
    Posts
    2,512
    Thanks
    6
    Thanked 134 Times in 119 Posts
    Groans
    1
    Groaned 61 Times in 60 Posts

    Default

    I dont see how stripping the patent on this is justifiable. Covid is a particularly mild cold. Ive had it, verifiably tested positive for it. 2 days of 38.5 fever and six days i couldnt taste cigaretts.... pfft. But on the other hand, i think the bulk of the hype funds are coming from vaccine companies. They'd much less reinvest in the hype if they had a reduced profit margin.

    An idea of how much hype theyre funding, try this ukranian article

    https://www.livemint.com/opinion/col...132679505.html

    https://www.google.com/search?q=666+new+cases

    About 131,000,000 results (0.89 seconds)
    Note: with each search, there were multiple news reports that Google coughed up;
    So only downplayed the reality of "multipal" reports by 1,310,000%

    pun intended?
    Last edited by ]2epo]v[an; 05-10-2021 at 05:29 AM.

  5. #5 | Top
    Join Date
    Jun 2019
    Location
    Cymru/ Wails
    Posts
    6,356
    Thanks
    3,525
    Thanked 2,507 Times in 1,787 Posts
    Groans
    0
    Groaned 1,738 Times in 1,599 Posts
    Blog Entries
    1

    Default

    It's a bit like all those who say that the British Government should have banned food exports from Ireland during the Famine: how would that have been compatible with capitalism? The rich Irish farmers would have risen in arms! Under this system, 'big pharma' will take on very expensive research in the hopes of big profit. How else would we finance it under the system? We haven't done anything much for the diseases that don't offer big profits, have we?
    Last edited by Iolo/Penderyn; 05-10-2021 at 06:10 AM.

  6. The Following User Says Thank You to Iolo/Penderyn For This Post:

    goat (05-10-2021)

  7. #6 | Top
    Join Date
    Mar 2018
    Location
    NC originally from NYC
    Posts
    34,854
    Thanks
    139,640
    Thanked 23,544 Times in 14,029 Posts
    Groans
    58
    Groaned 1,451 Times in 1,370 Posts
    Blog Entries
    1

    Default

    Quote Originally Posted by ]2epo]v[an View Post
    I dont see how stripping the patent on this is justifiable. Covid is a particularly mild cold. Ive had it, verifiably tested positive for it. 2 days of 38.5 fever and six days i couldnt taste cigaretts.... pfft. But on the other hand, i think the bulk of the hype funds are coming from vaccine companies. They'd much less reinvest in the hype if they had a reduced profit margin.

    An idea of how much hype theyre funding, try this ukranian article

    https://www.livemint.com/opinion/col...132679505.html

    https://www.google.com/search?q=666+new+cases

    About 131,000,000 results (0.89 seconds)

    So only downplayed the reality of "multipal" reports by 1,310,000%

    pun intended?
    Ive had it, verifiably tested positive for it. 2 days of 38.5 fever
    Not an American are you comrade
    “If we have to have a choice between being dead and pitied, and being alive with a bad image, we’d rather be alive and have the bad image.”

    — Golda Meir

    Zionism is the movement for the self-determination and statehood for the Jewish people in their ancestral homeland, the land of Israel.







    ברוך השם

  8. #7 | Top
    Join Date
    Sep 2019
    Posts
    2,512
    Thanks
    6
    Thanked 134 Times in 119 Posts
    Groans
    1
    Groaned 61 Times in 60 Posts

    Default

    Quote Originally Posted by Iolo/Penderyn View Post
    It's a bit like all those who say that the British Government should have banned food exports from Ireland during the Famine: how would that have been compatible with capitalism? The rich Irish farmers would have risen in arms! Under this system, 'big pharma' will take on very expensive research in the hopes of big profit. How else would we finance it under the system? We haven't done anything much for the diseases that done offer big profits, have we?
    You're missing the point i think but thats probably because youre an intransigent theist bastard. Someone is reinvesting in this covid hype. It suits very influential industries well to sell us so much trash and it suits vaccine companies best. Without the threat of being sued over crappy merchandise, they have big bags of cash to spread around.

    Tbh, i wouldnt mind if a few companies got their big dicks cut off. I dont like biden, not one bit, but this looks like a legit strategy that seemingly suits the ends he's looking to achieve. Sure would be annoying tho if they retaliated by dropping a covid virus out their window that actually hurt, just as reprisal. Would not put it past anyone.

    I had covid. It was weak sauce.
    Last edited by ]2epo]v[an; 05-10-2021 at 06:03 AM.

  9. #8 | Top
    Join Date
    Sep 2019
    Posts
    2,512
    Thanks
    6
    Thanked 134 Times in 119 Posts
    Groans
    1
    Groaned 61 Times in 60 Posts

    Default

    Quote Originally Posted by guno View Post
    Not an American are you comrade
    This from a guy most likely to take this ukranian snopes as credible.

  10. #9 | Top
    Join Date
    Sep 2019
    Posts
    2,512
    Thanks
    6
    Thanked 134 Times in 119 Posts
    Groans
    1
    Groaned 61 Times in 60 Posts

    Default

    Nationalism is an infantile disease. It is the measles of mankind. Albert Einstein
    I refute einstein would say something so stupid, "measles of mankind." Is not measles itself the measles of mankind???

    Durrrrr

    I guess even einstein sez stupid sht now and again... but what fool would quote it?

Similar Threads

  1. Replies: 0
    Last Post: 06-17-2020, 04:23 AM
  2. Bill De Blasio and Private Property Rights
    By cawacko in forum Current Events Forum
    Replies: 17
    Last Post: 09-06-2017, 07:55 AM
  3. Trump does not care about your private property rights.
    By Mott the Hoople in forum Current Events Forum
    Replies: 15
    Last Post: 02-08-2017, 07:40 PM
  4. biggest property rights anniversary today
    By SmarterthanYou in forum General Politics Forum
    Replies: 2
    Last Post: 04-12-2016, 07:41 PM
  5. Property Rights Are Not Natural Freedoms
    By AnyOldIron in forum General Politics Forum
    Replies: 76
    Last Post: 11-06-2006, 06:35 AM

Bookmarks

Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •