Teaser - The Innovator's Dilemma (04/26/21)
Death Panel
Death Panel
4.8 • 588 Ratings
🗓️ 27 April 2021
⏱️ 6 minutes
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| 0:00.0 | Yeah, I mean, and the United States. |
| 0:01.1 | Yeah, absolutely. |
| 0:01.5 | And this is like not a new, this is not a new issue. |
| 0:03.9 | Like, Trips seems to supersede a lot of laws even in the EU that try and regulate competition |
| 0:10.3 | and development among pharmaceutical companies. |
| 0:12.4 | And in 2009, there was this big report put out by the European Commission called, it was a |
| 0:19.2 | pharmaceutical sector inquiry report that |
| 0:22.1 | really basically said that a lot of these practices were absolutely illegal under EU competition |
| 0:27.4 | laws. That was over, I mean, that was a lot, that was over 10 years ago and not a single |
| 0:33.5 | development has come out of that huge report that everybody was saying. This is like, |
| 0:38.9 | you know, a big turning point moment. Like, you know, Farma is going to be finally held accountable |
| 0:43.9 | for its monopolies. And yeah, absolutely did not happen. Well, I think what happened probably is, |
| 0:50.0 | you know, Farmer is very good, like all operations of capital, really, but Farmer in particular |
| 0:54.7 | is very good. I think at recognizing when, recognizing when there's a shot across their bow and then |
| 0:59.5 | having, I mean, the, you know, the example that you gave is from 2009. They have plenty of time |
| 1:04.2 | to reorient their ship to sort of try to turn things around from a PR or a social reproductive |
| 1:09.7 | perspective. I think another good example of that, frankly, is not the last time, I think. |
| 1:15.6 | But like in 2012, there was a trips waiver granted for domestic production in India also of a, |
| 1:25.3 | of a cancer drug made by Bayer. |
| 1:27.4 | And the like ripple effects of that if you will are pretty |
| 1:33.0 | indicative I think of what I'm talking about in terms of being able to kind of recognize when |
| 1:36.8 | there's a shot across there about because just a year or two later the Bayer CEO the then |
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