Subverted... In opposition to the IT startup scene, you mean?
Right now, the cost of R&D in the drug market is such that even companies worth billions recede before the task. The classic argument regarding that is too much vs. too little regulation. Unfortunately, no one can decide the truly necessary amount of consumer protection, so you end up with a balance between no innovation vs. Thalidomide.
It is more than there currently is, that is for sure. Statins, fluoroquinolones, h2 receptor antagonists. These drugs all given out to millions of people and all have terrible problems to the point that now quinolones are last resort, and acid blockers Recalled, even though theyve been prescribed for years. Way too much collateral damage.
Right now, the cost of R&D in the drug market is such that even companies worth billions recede before the task. The classic argument regarding that is too much vs. too little regulation. Unfortunately, no one can decide the truly necessary amount of consumer protection, so you end up with a balance between no innovation vs. Thalidomide.