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The Daily

Why One Drug Company Held Back a Better Drug

Sep 7, 2023
Guest Rebecca Robbins, a business reporter covering the pharmaceutical industry, discusses how drug patents can lead to perverse incentives to delay better medications. The podcast explores a case where Gilead Sciences withheld a safer HIV treatment to maximize profits on existing patents.
35:38

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Podcast summary created with Snipd AI

Quick takeaways

  • Patents can create perverse incentives for drug companies to delay the release of new and better drugs in order to maximize profits.
  • The case involving Gilead highlights the potential conflict between profit-driven motives and the timely availability of safer medications for patients.

Deep dives

Drug companies argue patents are critical to bringing new drugs to market

The pharmaceutical industry relies on for-profit companies to develop and bring new drugs to market. Monopolies created by patents protect these companies and allow them to sell medications at high prices. The promise of profits from these monopolies creates incentives for companies to produce new and better drugs.

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