It takes decades of research and FDA approval costing on average, - nearly a billion dollars to bring any Posted: Jan 14th, 2018 - 7:27 am In Reply to: Norwegian citizen gets cancer treatment in US (Norwegian - govt refuses to pay for it).
new drug to market. I see the article states she is in an immunotherapy study so I'm guessing that capitalism is funding this. Venture capitalists buy stocks in bioresearch firms. They then short and use options to manage their risks as the majority of studies will fail to achieve good results.
Socialist systems are not capable of doing this type of cutting edge research. However, I have heard some people say that Europeans are the FDA's favorite lab rat.
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