Through UCLA’s Technology Transfer Group, which transforms brilliant research into global market products, the scientists have co-founded a medical development company called Pelage Pharmaceuticals
In case you were curious how this publicly funded research is going to be turned into private profits.
In case you were curious how this publicly funded research is going to be turned into private profits.
I think this is pretty standard procedure no? Lots of small companies are spin-outs from universities
I don’t think UCLA is going to produce retail products themselves.
They could always make the research and processes public domain, so no one person can unilaterally profit.
But that’s not what they did, and that’s the problem.
Research isn’t free either.
Of course not, which is why they’re publicly funded. That’s the issue. They’re using public funds to make private profits.
It’s amazing you even have to explain something so obvious.
People gotta start down the road of anti-capitalism somewhere, right?
So how should we make this available to people then?
License and release it into the public domain: research, methods, processes, patents—the whole deal.
Privatizing medicine, even elective medicine, just ensures predation.
I’m not following. Making the results public domain doesn’t prohibit private companies from manufacturing for profit.
No, you got it. It’s not about prohibiting profit, it’s about preventing the exclusive ability to profit.
Think of generic medicines (in the US) versus brand equivalents and how vast their cost difference is.