Replies to post #137430 on Biotech Values

[vinmantoo]

acgood,

I forgot to comment on the ""gov't is the preferred provider of scientific research and funding for research. That's obviously not true in pharmaceutical development"" made by this Oakes guy.

It appears Oakes only wants to count funding AFTER promising insights and discoveries have been made via government sponsored research has driven the field. What often happens in pharmaceutical companies will then partner with universities to try and bring discoveries into the clinic.

[OakesCS]

ot research funding

it would not surprise me if there were statistics to the contrary because these are gov't numbers and its interest is to be the low number but if you piece the numbers from these together they appear to validate my statement regarding the pharmaceutical industry and also make it clear that industry, overall, spends more on R&D than the US gov't.

http://www.cbo.gov/ftpdocs/76xx/doc7615/10-02-DrugR-D.pdf
http://en.wikipedia.org/wiki/Research_and_development
http://www.cbo.gov/doc.cfm?index=8221&type=0&sequence=2

of course, the Development part of R&D frequently eats up a huge part of R&D budgets and Development generally has very little to do with science.