Spicy Tidbits & Events
Prizes instead of patents for pharmaceuticals Senator Sanders introduced the Medical Innovation Prize Fund Act of 2007 into the US Congress. In essence the idea is to provide a large fund of money to provide government backed incentives (‘prizes’) to help direct pharmaceutical research into needed areas. The aim is to separate innovation from the proce of products. The prizes will be substituted for patent monopolies (though patents would still play a role in who gets each prize). The team
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