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Value Of Innovation

PROLOGUE

The Value Of Innovation

PROLOGUE: By firmly establishing the link between microbes and infectious diseases, Louis Pasteur’s famous experiments captured the imagination of the forebears of today’s pharmaceutical giants, who were quick to recognize the therapeutic value of Pasteur’s work. But the marvels of yesterday have faded into the background to become today’s expectations, and public fascination with the miracles of modern medicine has given way to concern over pharmaceutical profits and, more generally, the effect of the march of technology on health care costs.

Attacks on the pharmaceutical industry in particular have become a staple of the daily news, with members of Congress, . . . [Full Text of this Article]

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