New drugs are developed by Universities with Federal grants.
Then licensed by the drug companies. For example, you are being advised by the same group which said:
that it was production problems and not Enron manipulation which drove up the price of power, and
that it was lack of refinery capacity due to environmental regulation that drove up the price of gas.
Both are complete bullshit, but does not stop them from continuing in the same line.
Check it out, don't fall for the drug company propaganda. Remember the tobacco lobby, same grand lies told over and over.
These folks haven't been right about anything.
Arf