#PharmaceuticalIndustry #Nationalisation #MarketFailure #PatentWaiver #Innovation
Do you believe that nationalising the pharmaceutical industry could be the solution to addressing key issues such as lack of access to life-saving medications and exorbitant prices? 🤔💊
Considering the recent failure of the World Trade Organisation to waive patents on Covid vaccines and the lack of price competition in the American insulin market, it’s evident that the current system may not be working as intended.
Here are some points to consider:
– Waiving patent information may reduce incentives for pharma companies to innovate, but refusing to do so could potentially cost millions of lives.
– Cuba’s success in nationalising its pharmaceutical industry and becoming a biopharma powerhouse could serve as a model for other countries.
What do you think? Should governments step in and take control of the pharmaceutical industry to ensure equitable access to medications? Let’s discuss possible solutions together! 🌍💡 #HealthEquity #InnovationInMedicine