Home > Uncategorized > Government-granted patent monopolies gave Purdue Pharma incentives to push opioids

Government-granted patent monopolies gave Purdue Pharma incentives to push opioids

from Dean Baker

Maybe this is too obvious a point, but I don’t see it mentioned in news coverage of the company’s settlement. If we could ever have a serious debate on the relative merits of government-granted patent monopolies compared with direct upfront funding, as we did with Moderna’s research on a coronavirus vaccine, the incentive that patents give to lie about the safety and effectiveness of drugs would be an important factor.

Unfortunately, we may never have this debate because our policy types refuse to consider any alternatives to the patent monopoly system. It’s sort of like in the days of the Soviet Union, they didn’t have public debates on the merits of central planning.

  1. Craig
    October 23, 2020 at 2:52 am

    Monopolies are always problematic. As with pharmaceuticals, so with the monetary and financial paradigm.

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