Earlier quoted context omitted.
It actually says millions of USD or billions. ie not necessarily 1 billion+ I'm also wondering/suspecting these costs are very much tied to the USA which has a pretty specific model and costs involved. I wouldn't be surprised if the development, of similar quality, would be much cheaper outside the USA. (yes i have noticed this guy is crowdfunding from the USA)
still needs to be approved by the FDA, as the rest of the world is using this for guidance. majority of drug development is not the actual science work, but tons of paperwork and audit trails. as history has proven if you play fast and loose here a lot of people will be hurt or killed. you need to document every step along the way. and once clinical trials start, the scrutiny increases, a lot. there is a now a fast t…
San Diego Researcher Crowdfunding Patent-Free Cancer Drug
31–40 of 94 posts
Re: San Diego Researcher Crowdfunding Patent-Free Cancer Drug
#32What we should really do is have an open source movement in Drugs: http://magarshak.com/blog/?p=93
Re: San Diego Researcher Crowdfunding Patent-Free Cancer Drug
#33What I don't understand is why drugs developed with public money (government grants and non-profit charities) aren't automatically in the public domain.
You need public money to help innovation but you still need individual's greed to make it happen. Would you spend your entire lifetime building something and you get nothing in return other than pat on your back ?
Re: San Diego Researcher Crowdfunding Patent-Free Cancer Drug
#34I look forward to a future where one project to cure an ailment is forked, because the project leaders were impeding progress.
Re: San Diego Researcher Crowdfunding Patent-Free Cancer Drug
#35People don't seem to realize how expensive it is to bring a new pharmaceutical drug to market and why this approach won't work. A typical drug will cost between $1bn-$2bn and take about a decade of work by the time it hits the shelves. ( http://en.wikipedia.org/wiki/Drug_development has details for those interested) Crowdfunding at those sort of levels just isn't feasible yet.
For example it used to be that space programs cost billions, yet India has just put a Mars orbital in place for $74m. I am old enough to remember when it was the received wisdom that people believed an e-commerce website would cost $1m, yet many startups launch their first site with less then 0.1% of that.
How much of that $1bn-$2bn typical cost is open to similar levels of disruption?
Re: San Diego Researcher Crowdfunding Patent-Free Cancer Drug
#36Earlier quoted context omitted.
how is that a bait? I'm pretty damn serious about that. Anyone who knows me knows that I have been a very fervent anti-patent person for years now. It's caused problems in places that I have worked. I think it's correct to say that I am not going to crowdfund the entire drug development. Accordingly, that is not the plan . My vision is that the first stage (well second, really) is crowdfunded to show that there is br…
The "bait" is the claim that a patent-less drug will be cheaper when it finally comes into use in the clinic than a patented drug (from your indysci campaign: "Releasing without a patent means the drugs will be cheaper and it will be easier to build on the work to make improved drugs or drug combinations. Releasing without a patent means expanded access to drugs in countries that can't afford extensive licensing and…
Re: San Diego Researcher Crowdfunding Patent-Free Cancer Drug
#37What I don't understand is why drugs developed with public money (government grants and non-profit charities) aren't automatically in the public domain.
You need public money to help innovation but you still need individual's greed to make it happen. Would you spend your entire lifetime building something and you get nothing in return other than pat on your back ?
Re: San Diego Researcher Crowdfunding Patent-Free Cancer Drug
#38Most successful Kickstarter and IndieGoGo campaigns have an extremely narrow market, the early adopters of technology. Cancer casts a wider net by several orders of magnitude. There's no reason to think that, with a good viral marketing campaign, something like this couldn't raise several orders of magnitude more money than the most successful crowdfunding campaigns so far.
Re: San Diego Researcher Crowdfunding Patent-Free Cancer Drug
#39Earlier quoted context omitted.
This displays a profound ignorance of the real situation, which is that the majority of useful early stage research is funded by philanthropy. Not by government, not by companies, but by people making donations. It doesn't come from the existing funding institutions because they almost never fund anything that hasn't already had its prototype and early stage research completed successfully. If you don't have your pro…
These philanthropic organizations almost always have either (a) committees made up of scientists that decide where the money should be allocated (e.g. HHMI) or (b) donate to institutions which then dole out money internally as project grants that are vetted by other scientists. Philanthropic organizations don't generally just hand out money to the person who makes the flashiest video.
Re: San Diego Researcher Crowdfunding Patent-Free Cancer Drug
#40What I don't understand is why drugs developed with public money (government grants and non-profit charities) aren't automatically in the public domain.
For example, if public research discovers what triggers cancer cells to multiply, drug companies will scramble to make drugs to prevent it. But the drug company cannot just patent the knowledge about the trigger. If a second drug company finds a second way to prevent the trigger, they can make it, no problem.
Maybe I'm just not aware of direct public funding to drug companies.