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catchtoit

12/09/10 3:14 PM

#46041 RE: Starlost #46038

Dont speak so fast on it pitt...

I have been following a couple biotechs very closely and have learned alot about the industry.

Big Pharma is very very deep in the us governments pockets. The FDA controls what is approved. Companies that play by the FDA rules get approved right?

Here's the problem....Big Pharma has so much money that they can influence its competitors.

5 years of micro cap lab research is bought out early during the scientific discovery period. Big Pharma either buys its competition or squashes them.

The FDA makes it so only companies with hundredes of millions in cash can make it from phase 1 to approval after phase 3.

It takes even more money to get the drug to market when you actually have a product. ANYWAY

Think of the Rebublican blackmail going on right now...that tax savings goes to investing in american corporations.