git » homepage.git » master » tree

[master] / archive / forums / hacker-news / raw / items / 24213781.json

{"by":"wooby","id":24213781,"parent":24212027,"text":"It is my understanding that malnutrition, clean water, and access to education&#x2F;information are foremost among the problems of the developing world, and it&#x27;s not at all clear to me that regulating medication in those countries would improve anyone&#x27;s situation measurably.<p>For my part, here in the &quot;developed&quot; world, I have a family member with a rare autoimmune condition, and access to comparatively few medications. Those that are available are very expensive and not covered by any insurance. There is little competition between their manufacturers.<p>Because it costs at least 1.4B to bring a drug to market, and because of the rarity of her illness, it&#x27;s unlikely any company will pursue new research. Thanks to the FDA&#x27;s inordinately expensive approval process, no company is incentivized to bring a drug to market with an upside of &lt;= 1.4B, regardless of how many people it could help.","time":1597860494,"type":"comment"}