Many scientific discoveries were spearheaded by individuals and then bought out by major company's. Grants have often been given by our government as they typically have an allotment set aside for certain diseases. I would imagine that big Pharma got involved as the known potential earnings would sky rocket as new technology evolved.
I'm really not surprised that Gilead jumped on board as this year alone I believe they've reached the billion dollar mark. My only comment would be that I'm sure glad they did. It's about time Hep C has been focused on enough to create change regardless the beneficiary.
No that's not how Gilead started but another California company did, I think it was Genentech. Scientists at Gilead have been working for years on the creation of Harvoni and other drugs as well. Gilead is a huge corporation and they definitely don't need to apply for grants to get their ideas off the ground. They have been at the forefront of HIV drugs since the beginning and branched off years ago to study and invent drugs for HepC. Since then they have acquired some of the top chemists from all over the world including stealing some of them with better pay from other top Pharma companies. Capitalism at it's best. lol
Hey there, this is really interesting, it is possible but I would think that anyone that is federally funded would have to hand over the patent to the government. I know that the government does work with research companies and there are grants. I am going to try to find more information.
Thanks for the interesting thought :)
The government is not in the business of funding drug production but do give a paltry amount in the form of research grants
Big Pharma, however, loves to make money and your estimates for Gilead from Sovaldi can be easily tripled and is expected to top 7 billion dollars by the end of the year:
They will also make a mint on Harvoni.
This is the way it works. If poor, hardworking scientists who came up with the formula for Sovaldi were to just turn it over to the government, nothing would ever happen to the "cure" as it would sit on government shelves for years.
At least the big companies have incentives (shareholders) and there are lobbyists and patients' groups who pressure them to bring the drugs to market
The $180,000 that it cost for the meds is a paltry amount compared to saving my life.
Got that right! Also, alot more lives will be saved by the drugs Gilead makes. Sure, Gilead drugs cost a ton but who else has them? None of the other big Pharma drug manufacturers have come up with drugs like Gilead has. At least, none have been approved yet. I hear Abbvie has something that's in the works, time will tell.