Alarmed at the decline in production of new drugs by the pharmaceutical industry, Obama announces a federal program for drug research.
The new effort comes as many large drug makers, unable to find enough new drugs, are paring back research. Promising discoveries in illnesses like depression and Parkinson’sthat once would have led to clinical trials are instead going unexplored because companies have neither the will nor the resources to undertake the effort.
The initial financing of the government’s new drug center is relatively small compared with the $45.8 billion that the industry estimates it invested in research in 2009. The cost of bringing a single drug to market can exceed $1 billion, according to some estimates, and drug companies have typically spent twice as much on marketing as on research, a business model that is increasingly suspect.
So. How long before we hear RWS™ claiming it's an effort to create mind-control drugs? And, since that's pretty easy, here's a side bet: who will be first, Glenn Beck, Michelle Bachmann, Rush Limbaugh, or Louie Gohmert?