5min chapter

The Blockchain Socialist cover image

OTNS: Network States is what you get when you have VC-brain

The Blockchain Socialist

CHAPTER

The Economics of Investment in Pharmaceuticals

Drugs are conceived of and markets are conceived of for them is through a key concept called number need to treat nnt. Many pharmaceutical marketers design the process from the end point they look at the fda's process actually. They go well if i'm going to get this thing through state street trials  i'm going to need to have a market it's going to cost me about you know this much and that's hundreds of millions. The more people you target for the drug the less efficacious it will be, so your incentives from the structure of the system in front of people can't address things such as rare disease orphan drugs.

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