Premier Biomedical Inc (BIEI)

[animaljive]

Cost & Time. Why spend the ridiculous cost trying to patent a drug before you have an idea whether it could be successful? If you patent before you start trials you commit to losing future profits on the low low chance that your drugs gets FDA approval. You get 20 years on a patent and it take 7-12 to get a drug to market. Once that patent runs out a lot of drugs lose 50%-90% of profit due to generics. The pharma industry is just bananas.