The problem with relying on profit-driven models to produce pandemic drugs

Author:

Heled Yaniv1,Rutschman Ana Santos2,Vertinsky Liza3

Affiliation:

1. Associate Professor, Georgia State University College of Law; Center for Law Health & Society and Center for Intellectual Property; J.S.D. 2011, LL.M. 2004 Columbia Law School; LL.B. 2000, Undergraduate Diploma in Biology 2000 Tel Aviv University

2. Assistant Professor of Law, Saint Louis University School of Law, Center for Health Law Studies and Center for Comparative and International Law. S.J.D., LL.M., Duke Law School

3. Associate Professor, Emory Law School; Ph.D. (econ.) 1997, J.D. 1997 Harvard University; M.A. (econ.) 1992 University of British Columbia; B.A. 1991 Oxford University

Abstract

Abstract In this article, we explain why profit-driven models for developing treatments for epidemic pathogens produce sub-optimal and sometimes negative public health outcomes. Using the example of the drug remdesivir, we demonstrate how the divergence of private incentives from public health needs has led to such outcomes during the COVID-19 pandemic. We conclude that policy responses to this and future pandemics ought to be conceived and designed in ways that narrow the divergence of private interests from public health needs, including through greater public-sector involvement in pharmaceutical R&D.

Publisher

Oxford University Press (OUP)

Subject

Law,Biochemistry, Genetics and Molecular Biology (miscellaneous),Medicine (miscellaneous)

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