> Aaaaand that's why Americans need to pay 500 bucks for an insulin injector pen while Indians pay 10 bucks for the same device.
I can't speak for insulin injectors, but I know for a fact that the reason Indian pharmaceuticals are often times massively cheaper is because they ignore patents by which the majority of the world abides.
Now in many cases, the patent system is set up for incumbents who have enough legal muscle to develop and patent isomers, metabolites, or "extended release" versions of successful drugs which are losing their patent privileges. But that's not the whole story. We know that some patents and copyrights are needed to encourage investment in R&D.
India (used to?) just blindly copy drugs, ignore paying royalties, and take the profits. I haven't ever been on any blockbuster meds developed natively in India. Have you?
I can't speak for insulin injectors, but I know for a fact that the reason Indian pharmaceuticals are often times massively cheaper is because they ignore patents by which the majority of the world abides.
Now in many cases, the patent system is set up for incumbents who have enough legal muscle to develop and patent isomers, metabolites, or "extended release" versions of successful drugs which are losing their patent privileges. But that's not the whole story. We know that some patents and copyrights are needed to encourage investment in R&D.
India (used to?) just blindly copy drugs, ignore paying royalties, and take the profits. I haven't ever been on any blockbuster meds developed natively in India. Have you?