How the Government Messes Up Drug Manufacturing

Allegedly, intellectual property laws are supposed to protect drug manufacturing by motivating the development of new products. But economist Megan McArdle points out that the government is actually making bizarre regulations that make no sense. She noticed this because a court ruled that Pfizer can be sued for harm caused by drugs made by another company. If someone gets a bad side effect from a generic drug based on Pfizer’s original work, then Pfizer will be held responsible. Why hold Read more […]