Re: [DIYbio] Re: Biohacker snake-oil fraudster Aaron Traywick

It's likely also an unsubtle jab at the regulators to tell them to create a variation on patents more suitable to rewarding such things.

it's like the problem with antibiotics. The sane and sensible way to use new antibiotics is to hold them back in reserve for the absolute worse cases as a final line and perhaps decades on when they're less effective use them more. But that's a terrible pattern for anyone with a patent. Which reduces the incentive to invest in novel drugs. Hence we need something more suitable than existing patents to reward developers of antibiotics.

Investment is almost certainly distorted towards long term treatments but nobody is sitting on cures because while they don't match the profitability over 20 years you can make an absolute killing for a few years. 

Of course one politically difficult solution might be multi-billion jackpot funds for anyone who develops something with properties of X to provide a guaranteed reward... but politicians hate trying to pull together giant piles of money that may never pay off politically.

On Thu, May 3, 2018 at 4:35 PM, John Griessen <john@industromatic.com> wrote:
On 05/03/2018 06:37 AM, David Murphy wrote:
Curing an infectious disease simply has a different return profile to treating the symptoms of one.


The way the article by Tae Kim was worded seemed totally cold hearted, so yes that's probably how successful investors use it.
But then Kim describes analyst comments, [ analyst Salveen Richter wrote in the note to clients Tuesday. "While this proposition carries tremendous value for patients and society, it could represent a challenge for genome medicine developers looking for sustained cash flow."]

It suggests that the really big pharma companies are being trained, (by the market -- by Wall St.), to go for the good returns, and that won't involve gene therapies that cure.
Meanwhile, the way the FDA works, only big pharma can afford their methods, so who is left to work on gene therapies
but DIYers and small companies that sidestep or flout the rules.

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