Quote:
Originally posted by sgtclub
You fail to realize that most of the government investment comes in the form of university research, which is typically done in conjunction with pharma as a joint venture. In certain cases, the base research has been completed by university, but the regulatory/approval process and the marketing process is untertaken in conjunction with pharma. In either case, pharma has to bring significant $ to the table.
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Actually, what usually happens is that the university does the research by itself. Then the unversity applies for a patent on the government-funded research under the Bayh-Dole Act.
Then pharma exclusively licenses those patents and goes on to develop the technology to a useful product.
