3min chapter

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Vinay Prasad on Pharmaceuticals, the FDA, and the Death of Duty

EconTalk

CHAPTER

Cancer Drugs

The problem for me is that we give those drugs primacy over drugs that work really remarkably well or quite well. Instead, this works a little bit better. And so suddenly it gets the monopoly treatment that was created to incentivize the large and long approval process of pharmaceuticals. It's very depressing that that small improvement often entitles a drug to effectively monopolize the market.

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