Hospitals and universities repurposing drugs at 90% lower cost
3 hours ago
- #clinical trials
- #drug repurposing
- #generic drugs
- Universities and hospitals repurpose generic drugs at up to 90% lower cost than pharmaceutical companies.
- The system operates outside the patent system, offering affordable treatments by finding new uses for existing drugs.
- Late-stage clinical trials by hospitals/universities are funded at less than 10% of pharmaceutical companies' costs.
- Lower barriers to innovation: expertise, risk, and capital are reduced when repurposing generic drugs.
- Motivations include helping patients recover quickly and career progression through published studies.
- Companies lose interest in repurposing generics due to competition, but hospitals/universities use them for research.
- Governments are starting programs to recognize this research system, ensuring patient access to cheap drugs.