Sunday, January 23, 2011

Federal Research Center Will Help Develop Medicines - NYTimes.com

Federal Research Center Will Help Develop Medicines - NYTimes.com

Here is another example of how "free markets" fails our society. Without the promise of rapacious patent protected profits, the pharmaceutical industry is now contracting even in the face of promising new drugs that go unresearched and undeveloped. A corollary to the "orphan drug problem",(not enough patients and profits to justify producing or developing existing drugs and treatments), this is the perfect illustration of how unfettered free markets and unregulated capitalism fails to provide promised benefits for society.

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