drrich2
Contributor
I have a close acquaintance who is an executive for a company that creates drugs and sells their creations to big Pharma.
Second of all, the one I mentioned is a research company that does get government grants and then sells its discoveries to big Pharma.
I'd like to understand this better. When they 'create' a drug, at what stage in the development process is that drug? Is it a drug that's shown promise in animal trials, a 'polished' drug that's shown promise in human trials, FDA approved for an indication, or what?
I ask because it can involve an enormous investment in time, money and manpower to bring a drug to market, and then there's the investment to market it. If the company you reference is selling their product to major pharmaceutical companies, it stands to reason they believe themselves better off doing it that way. Therefore, 'big Pharma' must be 'value-adding' in some way. I wonder what it is?
Richard.
P.S.: If it sells to pharmaceutical companies, then it gets funding from them in addition to government grants. Apparently both the government and those companies see value in paying them.