Big Pharma vs Nature
I read an article about something interesting that I now can’t seem to find on the internet. The article was about a study conducted by some Indian doctors that indicated that wheat grass juice can reduce transfusion requirements in Thalassemia patients. A paper on the subject in Indian Pediatrics from 2004 is what I was able to google.
One of the (many) problems with modern day drug discovery system is that it is driven completely by a template that provides no incentives to discover naturally found active ingredients with therapeutic properties. Discovering new drugs is an expensive process requiring tens of millions as investment before the drug can be commercially exploited. Most drug candidates don’t make it. If you amortize the cost of these failed drugs over the few successful ones, the costs multiply rapidly. The entire edifice of the pharma industry rests upon the ability of companies to successfully exploit a successful drug through patent protected pharmaceuticals. The problem with naturally found active ingredients is that a patient can get the cure without buying the pill. More »
Tags: Business, Economics, India