Nice study from and team finding publicly supported research had major role in late stage development of 1 in 4 new drugs, either via direct funding of late stage research or via spin-off companies created from public research institutions
Public sector research institutions or their spin-off companies were central to the development of at least a quarter of all new drugs approved by the FDA in 2008-17s, find et al
There is a growing policy conversation about public sector drug/vaccine development, highlighted by recent work of + many others See here: And here:
You didn't "think" it. It's actually how it works according to everyone except and his editors Latest research: Public sector financial support for late stage discovery of new drugs in the United States: cohort study
Public sector financial support for late stage discovery of new drugs in the United States: cohort study
BMJ: Public sector financial support for late stage discovery of new drugs in the United States: cohort study
Review of patents associated w/ new drugs approved by over past decade indicates that publicly supported rsrch had major role in late stage development of at least 25% of new drugs via et al. So why the outrageous new drug prices then?
US: over last 10 year, of the FDA approved medicines, 1/4 (25%) had origins in public research or in publicly supported private research program. Drugs in these groups were more likely to receive expedited FDA approval, indicating therapeutic importance.
And public sector support of new drugs
Public contributions to 💊 development in US, study by et al: -25% of drugs approved by FDA in ‘08-17 had 🔑 contributions frm public institutions&spin-off companies -w/public $, meds more likely to get expedited approval ➡️more likely novel
"...publicly supported research had a major role in the late stage development of at least one in four new drugs..." When will pharma return the favour by providing affordable medicines for public benefit? Also, "The Entrepreneurial State" by