R&D

“Their whole promise to investors was, we don't need to do R&D. So it wasn't an argument of, we're gonna take the profits we're making from this and invent new drugs that are gonna save people's lives or figure out a better drug to take, to treat this disease. …”

“Without patent protection, the enormous investments required to develop truly new technologies would be financially unjustifiable, as competitors could simply copy successful products without bearing the R&D costs.”

“My argument is that marketing is actually fat-tailed. So is innovation, and R&D, pharmaceutical research, science, ok? In other words, five to 10% of what you do delivers perhaps a 110% of the value, and therefore paying people by the hour and demanding that e…”