8/14/2023 0 Comments Pharmaceutical monopoly history![]() This, in exchange, allows big corporations to maintain a monopoly, while also making Research and Development more expensive.īronner condemned Compass Pathways in an open letter in March for its monopolistic take on psilocybin and its stance against Oregon Measure 109. Another concept, patent thicketing, creates a ‘dense web of overlapping intellectual property rights that a company must hack its way through in order to actually commercialize new technology,’ a paper published by Social Science Research Network journal (SSRN) in 2001 states. Making minor changes to already existing drugs - even down the colour of the drug - helps them keep their products ‘evergreen’ and save their monopoly on the formulation.Īn industry research brief concluded that 78 percent of drug filings for patents between 20 were not new drugs. ![]() The ‘evergreening’ and ‘thicketing’ processes are some of the techniques used to manipulate the patent system by companies seeking to block competition from smaller firms. Pharma Patents video courtesy of Big Think “When you have all of these companies starting to say ‘we’re just going to do things the way it’s always been done’, there’s a huge red flag,” she adds. “When you have something really exciting hitting the market, you just want it to be available to as many people as possible. Patent Manipulation and InequalityĪccording to love, the issue of psychedelic capitalism will eventually be reflected in the cost of the treatment, which is still a long way from being insurable. “I think this idea that this is the way things work doesn’t mean we shouldn’t be raising questions about it,” she adds.Īs the psychedelic industry continues to boom, with pharma players pushing to establish monopolies around novel compounds and the investment world placing bets accordingly, advocates are arguing that the usual controversies within the rest of the healthcare industry need to be put to rest rather than carried forward. “This is a controversy all the time, including the patenting of natural products.” Shayla Love, senior writer at Vice, says. That really couldn’t be any more untrue,” he says, adding that the controversy on psychedelic capitalism is being carried forward from the already-existing patent war. “It’s inserted that the debates around patents are non-existent in the rest of healthcare. Pointing out the flawed patent system and the ongoing controversy within the pharmaceutical and healthcare industry caused by companies racing to patent drugs, Pehechnik shared that the conflict on intellectual property is not new. Bronner’s Magic Soap Alexander Beiner of Rebel Wisdom Shalya Love, senior writer at VICE Media and Graham Pechenik, registered patent attorney - have been closely observing the battle over patents in the psychedelic world. In a panel discussion titled Psychedelic Monopoly, organized by The Psychedelic Society and Chacruna on May 18, Bia Labate, Executive Director of Chacruna, hosted four speakers, unravelling the issue of patents and how they may affect the psychedelic industry. Opponents of commercialized psychedelics often draw unfavourable comparisons with the cannabis market, while those in favour say that it is the only way to bring the medicine to the mainstream. ![]() Advocates, activists and entrepreneurs, while all in favour of psychedelic drugs for healthcare and mental wellbeing, seem to split on its corporatization. ![]() ![]() Patents have become a hot topic in the psychedelic industry, raising questions on the ethics and equity of these soon-to-be-legal drug therapies. ![]()
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