|Oct 13, 2013, 11:10 AM||#1|
The soaring cost of a simple breath
Interesting article in the NYT Magazine about the increasing cost of asthma (and other) medications. I have seen the edges of this in another context, but, did not realize until now one of the sources of the problem:
How common is repatenting, and, how widespread is the legal ability to do this? There isn't as much information on the web about this as is often the case these days although occasionally articles do surface:
|Oct 13, 2013, 11:26 AM||#2|
The patent system was originally about people. A person creates something, patents it, and has 20 years to bring it to market and sell it with exclusive control on production and distribution. It was thought that this was enough time for the inventor to establish a living, before allowing competitors to join the fray. They could then retire with the public domain continuing production in their place.
Over time, people created businesses and those companies took on a life of their own. But for a business, 20 years is just getting started. So companies began lobbying Congress to extend and renew these exclusive protections. $10M a year in lobbying expenses is vastly cheaper than developing and getting approval for a new drug, and thanks to these efforts - can now have the same payoff.
MBP, IM, MM, IPM, IP, AT
|Oct 13, 2013, 11:29 AM||#3|
Yup, my wife is very asthmatic/has poorly controlled asthma. Luckily, one brand of albuterol inhaler (Ventolin) is FINALLY covered at a copay of $10 each by our insurance, as of the last 6 months or so.
But for many years, we were paying $60/inhaler WITH good insurance for any kind of albuterol inhaler.
It was reparented because they replaced the propellant with a non-CFC propellant, due to CFCs being illegal. That change in a totally inactive ingredient allowed them to repatent all their formulations. *******s.
See Evergreening: http://en.wikipedia.org/wiki/Evergreening
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|Oct 13, 2013, 09:35 PM||#5|
Check out <Peter's family tree!
|drugs, medicines, patents, repatent|
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