Reposted by Center for Integration of Science and Industry
Yep. I have a friend who was a biochemist for a large pharm co & he had bought the lie that R&D isn’t paid for by our taxes & his co needed to make huge profits for it. Oh how 😱 he was to find that no, that is not the case:
www.ineteconomics.org/perspectives...
ineteconomics.org
US Tax Dollars Funded Every New Pharmaceutical in the Last Decade
Amid debates over costs—and profits—from a coronavirus vaccine, a new study shows that taxpayers have been footing the bill for every new drug approved between 2010 and 2019