Investor, entrepreneur, doctor, data snob, techie/biotechie, lover of football/fashion/skiing/champagne/economic policy/big ideas & good deeds 🇳🇴🇸🇪🇩🇰🇺🇸
Nov 20, 2020 • 20 tweets • 8 min read
Some important points in a probably-futile plea for sanity in #covid19#vaccine discussions:
1. American drug pricing provides a powerful incentive to *most* medical R&D (I’ve been in this industry a long time - that point is not up for debate) h/t @CliffordAsness2. That profit incentive doesn’t work well for novel vaccine development, however, because (a) the technologies take years to develop, (b) we go decades between pandemics, and (c) public health needs/scrutiny necessitate low pricing and slow recouping of manufacturing buildout
