DIYbio: the free market's answer to health care pricing
Posted: Wed Apr 17, 2019 8:09 am
I don't know about you guys, but it's awesome to see how in many ways artificially high health care pricing is ripe for arbitrage, and the regulatory system propping it all up simply won't be able to respond fast enough to these new trends:
https://www.cell.com/trends/biotechnolo ... 18)30200-2
I guess we'll have to see how the FDA will react to this. Not well, I imagine. Ditto the AMA. They've already been fighting hard against in-store "mini-clinics" like CVS's, which handled 40 million visits last year according the CVS CEO. They'd probably push against the new "virtual visit" companies that can handle primary care duties over the internet for far less than a typical PMD followup appointment fee, except they may not have noticed them yet.
https://www.cell.com/trends/biotechnolo ... 18)30200-2
The Open Insulin Project http://openinsulin.org/New innovation ecosystems for drug discovery and development are emerging.
Members of the ‘do-it-yourself biology’ community, sometimes called ‘biohackers,’ are contributing to this new frontier by experimenting with the development of medical treatments and devices.
An initiative known as the Open Insulin Project is working to develop a protocol for insulin production in order to sidestep intellectual property.
Follow-on work could contribute to a number of different insulin distribution structures, including ‘home-brewed’ insulin for personal use.
The current regulatory system is incongruous with emerging innovation ecosystems such as the Open Insulin Project.
I guess we'll have to see how the FDA will react to this. Not well, I imagine. Ditto the AMA. They've already been fighting hard against in-store "mini-clinics" like CVS's, which handled 40 million visits last year according the CVS CEO. They'd probably push against the new "virtual visit" companies that can handle primary care duties over the internet for far less than a typical PMD followup appointment fee, except they may not have noticed them yet.