Drugs of these types are targeted at generating high quality and speed to market. All new drug development at innovating companies must often take place against the backdrop of concerns that existing patents are being infringed and are being extended for explicit reasons to include parts of the new drug's mode of action. Since it is becoming more difficult to obtain regulatory approval for a drug, innovation is becoming a larger part of success. That implies great risk, as I explained in my last post, and great reward. I mentioned that an insufficiently capitalized company can get hit with a major set-back and face closure, if it is discovered to have infringed upon drug patents. Even if there is an outside emergency source of financing available, taken alone, it is unlikely that such a company could continue to successfully develop new drugs with its current R&D staff. The implications for the overall health care system can be grave.
According to the Federal Communications Commission, many of the most important advances in American life created by the information technology revolution have been enabled by talented workers in creative occupations. These include some of the most popular technologies ever, including the personal computer; the World Wide Web; the email system, which allows information to be stored and transmitted to almost any place on Earth instantly; wireless networks, which send sound, video and other data over long distances without being tied to power cords; and, perhaps most importantly, modern telecommunications and entertainment, which use the Internet, the World Wide Web, the personal computer and communication technologies to connect everyone in the world and greatly enhance the quality of life. 7211a4ac4a