1min snip

EconTalk cover image

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

EconTalk

INSIGHT

Balancing Capitalism and Innovation in Cancer Medicine

  • Capitalism and profit incentives are valuable for driving innovation in cancer medicine.
  • The current system fails to distinguish between real innovation and pseudo-innovation in drug development.
  • Truly transformational drugs should receive large returns on investment.
  • The technical complexity of the system makes it difficult for average people to discern between effective drugs and those with strong marketing.
  • Reimbursing both types of drugs similarly is problematic.
00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode