New business models to find cures and lower healthcare costs: a role for drug repurposing.

• Jurisdiction: United States
• Date: 01 January 2014
• Author: Bloom, Bruce

The current medical solution industry, with amazing scientists and businesspeople working as hard as they can, is not creating treatments and cures for most of the world's diseases. Pharma in 2013 is using a fifty-year-old business model to leverage current knowledge and technology, but that is generating few new treatments, and each treatment increases healthcare costs. We have created an incentive system that focuses treatment development on patients that can be treated with expensive consumables for long periods of time. That system leaves most patients...