Quotes For You

While the world is courageously fighting the Covid19 pandemic, we have to reflect on the pharmaceutical industry on whether it has effectively played its role to safeguard us from such diseases.  Unfortunately, this global trillion-dollar industry has not been really investing in innovation to synthesize new drugs in the last few decades.  Research shows that 78 percent of patents approved by the U.S. Food and Drug Administration FDA) is for modified medications which have been already discovered and are available in the market.  Thus these industries rather ‘sugar coat’ existing medicines in order to apply for new patents for supposedly ‘new drug’.  Investing in innovation for drugs to fight diseases like COVID-19 are not considered growth markets and are usually ignored.  From 2000 to 2011, only 4 percent of newly-approved products globally were designed to treat neglected diseases that affect lower- and middle-income countries.  https://w...