{"id":25590,"date":"2020-06-01T10:23:46","date_gmt":"2020-06-01T14:23:46","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=25590"},"modified":"2020-06-03T10:16:21","modified_gmt":"2020-06-03T14:16:21","slug":"image-of-the-day-private-pharma-investment-dwarfs-federal-nih-funding","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/25590\/image-of-the-day-private-pharma-investment-dwarfs-federal-nih-funding\/","title":{"rendered":"Image of the Day:  Private Pharma Investment Dwarfs Federal NIH Funding"},"content":{"rendered":"<p>There&#8217;s a destructive campaign <a href=\"https:\/\/www.chron.com\/business\/article\/Taxpayers-paid-to-develop-remdesivir-but-will-15296173.php\">underway<\/a> to encourage government confiscation of patents from pharmaceutical innovators and dictate the price for Remdesivir and other drugs.\u00a0 That&#8217;s a terrible and counterproductive policy under any circumstance, but particularly now that private drug innovators are <a href=\"https:\/\/www.wsj.com\/articles\/coronavirus-vaccine-frontrunners-emerge-rollouts-weighed-11589707803?mod=itp_wsj&amp;ru=yahoo\">already hacking away<\/a> at the coronavirus.\u00a0 In that vein, this helpful image illustrates the vast disparity between private investment and National Institutes of Health (NIH) funding that some seem to think justifies patent confiscation, price controls or other big-government schemes:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.drugcostfacts.org\/sites\/default\/files\/styles\/question_illustration\/public\/RQ-Illustration-6.png?itok=q-GyloaU\" alt=\"Private Investment Dwarfs NIH Funding\" width=\"549\" height=\"455\" \/> Private Investment Dwarfs NIH Funding<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There&#8217;s a destructive campaign underway to encourage government confiscation of patents from pharmaceutical innovators and dictate the price for Remdesivir and other drugs.\u00a0 That&#8217;s a terrible and counterproductive policy under any circumstance, but particularly now that private drug innovators are already hacking away at the coronavirus.\u00a0 In that vein, this helpful image illustrates the vast [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[5101,1251,5109,5102,4805],"class_list":["post-25590","post","type-post","status-publish","format-standard","hentry","category-posts","tag-coronavirus","tag-drugs","tag-nih","tag-pharma","tag-pharmaceuticals"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/25590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=25590"}],"version-history":[{"count":4,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/25590\/revisions"}],"predecessor-version":[{"id":25596,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/25590\/revisions\/25596"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=25590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=25590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=25590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}