Is there any reason why non-profits aren’t doing drug research?
It costs billions of dollars to bring a new drug to market. No non-profits\ has billions in spare cash lying around (that’s not already earmarked for current programs), so currently no non-profit can afford to do drug research.
You believe that a new non-profit which doesn’t expect any kind of result for the next ~12 years will be able to consistently raise hundreds of millions of dollars per year for over a decade? That’s not very plausible- around 0.01% of current charities have that kind of revenue, and drug creation isn’t a particularly inspiring topic.
Still, I don’t know whether the rules are as stringent and the costs as high all over the world, nor whether a non-profit which had researchers with excellent credentials would be unable to raise that much money.
If rules were relaxed or costs were lower somewhere else, then wouldn’t for-profit drug development move there as well? Whatever the funding model, the actual research and laws that govern it are the same.
It costs billions of dollars to bring a new drug to market. No non-profits\ has billions in spare cash lying around (that’s not already earmarked for current programs), so currently no non-profit can afford to do drug research.
I was imagining non-profits with a purpose of drug research who’d raise money just for that.
You believe that a new non-profit which doesn’t expect any kind of result for the next ~12 years will be able to consistently raise hundreds of millions of dollars per year for over a decade? That’s not very plausible- around 0.01% of current charities have that kind of revenue, and drug creation isn’t a particularly inspiring topic.
I was underestimating the size of the problem.
Still, I don’t know whether the rules are as stringent and the costs as high all over the world, nor whether a non-profit which had researchers with excellent credentials would be unable to raise that much money.
If rules were relaxed or costs were lower somewhere else, then wouldn’t for-profit drug development move there as well? Whatever the funding model, the actual research and laws that govern it are the same.