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URL:  https://boards.fool.com/damn-straight-these-populist-pollmongers-dont-12203835.aspx

Subject:  Re: its Clinton's fault Date:  3/14/2000  10:31 PM
Author:  GFPE Number:  105 of 195

Damn straight. These populist pollmongers don't understand or don't care about big pharma, biotech or the wealth and health of their countries. When Clinton was making waves about drug prices, did he ever for one second stop to mention that these big pharma companies have to plow back billions of dollars in profits to fund research and development for the next generation of drugs? Who is going to fund new drug development if drug prices don't? Publically funded programs have never been good at developing practical drugs. He was just pandering then, that blew over, and he's just pandering now.

Plus, the markets have no idea what this means. In fact, even if the most Draconian anti-innovation measures were passed, it wouldn't affect most biotechs. They'll sink or swim based on drugs or technology, not a mere DNA patent. The latter only gives them more leverage. This whole issue is and has been a big red herring. It's quite pathetic short-term and indicates an absolute ignorance about the real complexities of the biotech and pharma industries, but not an issue long-term.
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