Well, according to this:

During 1981-1990, the pharmaceutical industry was the source for 181 of the 196 new drugs approved by FDA (92.4 percent), academia was the source of 7 of the drugs (3.6 percent), and the government was the source of 2 of the drugs (1 percent). These findings were reported in a study by the Center for the Study of Drug Development and the Department of Pharmacology and Experimental Therapeutics at Tufts University published in 1993 in the Journal of Clinical Pharmacology.

These general figures are confirmed by a review of the 56 drugs that have been approved to treat AIDS and AIDS-related conditions. Of the 56 drugs, 51 (91 percent) were discovered and developed by the pharmaceutical industry, while NIH holds the patent rights and played a major role in the discovery of the other 5 drugs, according to NIH's Office of Technology Transfer.

You might want to think a little harder about who is listening to propaganda and who has been studying free-market issues for a quarter of a century.

And who profits? The people and companies who create the value. Works fine for me, although I understand it makes collectivists break out in hives.