Re: 21st century capitalism
Why take on the risk of developing something new at such low prices when you can buy a company that has a new heart pill ($00s per month), or cancer drug ($000000s per treatment)?
Why? Because first world governments around the world are shoveling money faster onto this bonfire than anything else going on these days.
I mean, you could take a look at Biogen, who recently (re)came out with some dodgy analysis for their Alzheimer drug study on "aducanumab"... they're probably wishing they had a vaccine platform so that they could grab some of that sweet gubment monies.