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The Exploitation of Scientists (And Why You Should Care)

There is much truth to this: The Process of Drug Discovery and Job Security. Let me begin by stating that it is scientists, not MBAs, lawyers or physicians who discover new drugs. However that process has sputtered, especially in big pharma, over the last 15-20 years. All innovative drugs approved within the last 15 years have been licensed or brought from small companies or academia (there may be 2-3 exceptions). Many types of perverse incentives are behind the ongoing collapse of pharma. Let me talk about one specific one using a ?hypothetical? example. Imagine that you are part of the team that discovered a drug which makes over 5 billion dollars per year. Do you really think that is in your best interests? Sucker.. You see.. the scientists who did the real work might get a one-time bonus or promotion, but it is the managers, lawyers and marketers who rake in the real money...continue to full post

Full post as published by Crime & Federalism on December 15, 2010 (boomark / email).