From the article: [...] Found via Matt Levine, who talks sometimes about how diversified investment via index funds might result in companies having incentives to work together.
From the article:
The world’s biggest investors are urging drugmakers to collaborate on developing a coronavirus vaccine to end a crisis that has unleashed market turmoil and hammered returns for pension funds across the world.
BlackRock, the world’s largest asset manager, Fidelity Investments and sister company Fidelity International, Aviva Investors, Janus Henderson and Amundi, Europe’s largest asset manager, all told the Financial Times that they want drug companies to put aside any qualms about collaborating with rivals.
“An unprecedented global crisis requires unprecedented global co-ordination in response,” said Mirza Baig, global head of governance at Aviva Investors.
[...]
A separate group of more than 50 investors, managing more $2.5tn in assets, will next week step up the pressure by writing to more than a dozen global pharmaceutical companies. The letter will ask the groups to share any relevant findings on a vaccine and other treatments as well as to drop any enforcement of relevant patents.
Found via Matt Levine, who talks sometimes about how diversified investment via index funds might result in companies having incentives to work together.
Could a national production order be done to get drug companies to work together on a cure? Auto manufacturers are willing to pump out ventilators, but if the Fed is be willing to twist arms to...
Could a national production order be done to get drug companies to work together on a cure? Auto manufacturers are willing to pump out ventilators, but if the Fed is be willing to twist arms to get drug companies to work together, that's an awful lot of buzz words that could do good in the world.
I think that's too blunt an instrument when we don't know what approach is best. After all, it's good that companies are pursuing different options; we want lots of alternatives to be explored. So...
I think that's too blunt an instrument when we don't know what approach is best. After all, it's good that companies are pursuing different options; we want lots of alternatives to be explored. So you don't want to mess that up, and I have little doubt that the Trump administration would mess it up if they tried.
And, almost immediately, you would have strong criticism from people saying government money is being wasted.
I am a fan of having large prizes for achieving commonly agreed goals, with the results being open sourced. It seems like that would work better than the current system based on patents? Unfortunately, that isn't the way most people think about it.
If you get hit with the hard paywall, the google referrer trick appears to be working again for this one (at least for me)... just click the top ft.com link in google and the paywall should be...
If you get hit with the hard paywall, the google referrer trick appears to be working again for this one (at least for me)... just click the top ft.com link in google and the paywall should be avoided: https://www.google.com/search?&q=site%3Aft.com+Drugmakers+urged
From the article:
[...]
Found via Matt Levine, who talks sometimes about how diversified investment via index funds might result in companies having incentives to work together.
Could a national production order be done to get drug companies to work together on a cure? Auto manufacturers are willing to pump out ventilators, but if the Fed is be willing to twist arms to get drug companies to work together, that's an awful lot of buzz words that could do good in the world.
I think that's too blunt an instrument when we don't know what approach is best. After all, it's good that companies are pursuing different options; we want lots of alternatives to be explored. So you don't want to mess that up, and I have little doubt that the Trump administration would mess it up if they tried.
And, almost immediately, you would have strong criticism from people saying government money is being wasted.
I am a fan of having large prizes for achieving commonly agreed goals, with the results being open sourced. It seems like that would work better than the current system based on patents? Unfortunately, that isn't the way most people think about it.
If you get hit with the hard paywall, the google referrer trick appears to be working again for this one (at least for me)... just click the top ft.com link in google and the paywall should be avoided:
https://www.google.com/search?&q=site%3Aft.com+Drugmakers+urged
I think knowing the gist is good enough for this one, though. There is not a lot more in the article.