Obama Administration Creates Billion Dollar Government-Run Drug Company

The Obama Administration has created a billion dollar government-run drug company. The new enterprise will help create new medicines. They say it is not intended to be competitive with the private sector.

The San Francisco Chronicle reported, via FOX Nation:

The Obama administration has become so concerned about the slowing pace of new drugs coming out of the pharmaceutical industry that officials have decided to start a billion-dollar government drug development center to help create medicines.

The National Institutes of Health has traditionally focused on basic research. But the drug industry’s research productivity has been declining for 15 years, “and it certainly doesn’t show any signs of turning upward,” said Dr. Francis Collins, director of the institutes.

The job of the new center, to be called the National Center for Advancing Translational Sciences, is akin to that of a home seller who spruces up properties to attract buyers in a down market. In this case, the center will do as much research as it needs to do so that it can attract drug company investment.

“None of this is intended to be competitive with the private sector,” Collins said. “The hope would be that any project that reaches the point of commercial appeal would be moved out of the academic support line and into the private sector.”

#1 January 23, 2011 at 7:38 pm
Vero commented:

I call Bull crap – where do they expect to get the researchers from? Outer Space? They will rob the drug companies of talent, therefore, the heck they aint “competitive with the private sector”
#2 January 23, 2011 at 7:38 pm
Joanne commented:

So who is going to want to be the first to try drugs the government has created?
#3 January 23, 2011 at 7:43 pm
donh commented:

Another billion a year in Tax money to fund AIDS research.
#4 January 23, 2011 at 7:44 pm
MrGoodWench commented:

National Center for Advancing Translational Sciences
++

=
N – CATS
#5 January 23, 2011 at 7:45 pm
ar05075 commented:

Who else …….the military.
#6 January 23, 2011 at 7:46 pm
Redwine commented:

Very Orwellian, this drugs coming from the government.
Red pill, anyone?
#8 January 23, 2011 at 7:57 pm
Kenny Solomon commented:

Let’s see…… Bankrupt the coal industry, electricity rates will necessarily skyrocket, takeover of 2/3 of the US auto manufacturing base, cut off water to the single most fertile growing area in America…… The list grows exponentially.

Now, President Rocket Surgeon has a few Eugenics supporters in charge of a drug company……. Kathleen Sebelius and John Holdren.

What could go wrong ?

Any kind of drug this administration develops will more than likely be tested at those non-existent FEMA Camps with the civilian defense corps as observer.
#9 January 23, 2011 at 7:58 pm
RS commented:

Surely higher taxes, more regulations, and government micromanagement could help the drug industry produce more.

Let’s have the FDA increase the amount and complexity of testing required and then make it twice as hard to actually do the testing, then delay approval just to be sure… that should help.

And if this process generates the goodies, let’s allow, no, ENCOURAGE foriegn firms to copy the drugs – for global social justice of course.

Congress and the White House are filled with brilliant lawyers who know everything about everything… they can tell the companies what they need.

Boom times are assured.
#10 January 23, 2011 at 8:01 pm
bostinks 2 commented:

i see zombies in Americas near futures. lol
#11 January 23, 2011 at 8:06 pm
mlp commented:

Where in the U.S. Constitution does it say the government can create such a government-run drug company?
#13 January 23, 2011 at 8:21 pm
Redwine commented:

Actually, this is a rather frightening development. It’s one thing to mess around with inanimate objects, like cars. The horrors that can be inflicted on a captive population should be resisted at all levels. (Mengele, anyone? Maybe in the guise of Dr. Demento Berwick.)

Just how far will the nudging of Sunstein go? Will it bring us to the joyously anticipated violence of Van Jones and Fox-Piven? It is obvious that the leftist, statist Progressives WANT to go there – fast. Note their stepped up vile and violent rhetoric lately, while, at the same time, WE are asked to be civil. (Do remember that a REPUBLICAN judge was murdered in Tucson. Not much discussion about that.)

Welcome to the gulag – or the red pill.
#14 January 23, 2011 at 8:31 pm
MrGoodWench commented:

So lemme translate from crapola to English :

In this case, the center will do as much research as it needs to do so that it can attract drug company investment.

Translation :

The regime will decide for the drug companies what they can invest in.
Basically some czar @ his / her whim will order this center to write up a project to invent stuff, then pick out a drug company and ” nudge” it towards funding the project, however stupid it might be.
++++++

“None of this is intended to be competitive with the private sector,” Collins said. “The hope would be that any project that reaches the point of commercial appeal would be moved out of the academic support line and into the private sector.”

Translation :

The government has unlimited supply of taxpayer money and no mandate for competance, efficiency and profit. Why should the drug companies be allowed to work efficiently , be competant and make a profit ?? They can’t pick and choose anymore. The government will do it FOR them
+++

And they tell me there is no such thing as a ” death panel” in the Sorocide law .
#15 January 23, 2011 at 8:38 pm
NeoKong commented:

How much of that money will end up in Obama’s campaign chest…?
He doesn’t do a damn thing unless there is a payout for him down the road.
#17 January 23, 2011 at 9:00 pm
Spider commented:

What could go wrong?
#18 January 23, 2011 at 9:08 pm
Swifty commented:

But, we’re supposed to believe from ObamaCare’s proponents that Obama is not taking control of the health care industry. lol

He’s wasted so much of our future’s money already. What could go wrong with this further spending?

This is just more proof he has no desire or ability within to actually help the private sector in creating new jobs. Remember this when he talks about his commitment to jobs in his State of the Union address. All words with no actions to support the words.
#19 January 23, 2011 at 9:10 pm
Taxpayer1234 commented:

If the Feds think they can develop drugs better than private industry, they have another thing coming.

Gee, I wonder whose drug candidates will be approved the quickest by the FDA? Hmmmm….
#20 January 23, 2011 at 9:16 pm
Valerie commented:

The FDA currently sees its mission as simple delay of all drugs until after introduction in Europe. A change in FDA policy would be cheap, and restore the private investment market.
#21 January 23, 2011 at 9:23 pm
Taxpayer1234 commented:

In reality, what does the pharma industry do? They buy the rights to the chemical and develop it into a drug candidate. This government middle-man is NOT needed.
#22 January 23, 2011 at 10:08 pm
Contessa61 commented:

The pace of new drugs has slowed???

Now, why is that, I wonder?

Could it be 3000 pages of health care regulations?
#23 January 23, 2011 at 10:16 pm
MrGoodWench commented:

Contessa61 commented:
The pace of new drugs has slowed???

Now, why is that, I wonder?

+++++

Thats because we are a nation of racist bitter clingers islamophobes and homophobes who
are Homer Simpsons and don’t know any European languages….. and big pharma and Halliburton and Bush and Palin
#24 January 23, 2011 at 10:47 pm
Guy in Ohio commented:

These people are just too much. They spend years making life difficult for the drug companies, until investors pull out and take their money elsewhere, then they wonder why research and development of new products has slowed. Isn’t there ANYONE at the helm of this country who understands basic business and market principles? Or is this all being done by design?
#25 January 23, 2011 at 10:50 pm
Big L commented:

“we are the Borg…Resistance is futile…you will be assimilated.”
#26 January 23, 2011 at 10:50 pm
dunce commented:

There is no need to worry that talent will be poached from productive drug companys. The staff will all be third rate drones and affirmative action hires. They will also be reliably left wing and will be shuffled among the the other govt. agencys like the cdc and nih and hhs then back to acadamia as part of the non teaching professoriat.
#27 January 23, 2011 at 11:04 pm
JPeden commented:

Trust the Progressives to have forgotten how to make Victory Gin!
#28 January 23, 2011 at 11:49 pm
Simon commented:

supplements to be regulated in five four three…
#29 January 23, 2011 at 11:52 pm
Gary W commented:

There needs to be a humane way developed to deal with the sick and elderly to cope with the cuts to Medicare. With all those boomers turning 65 we just can’t afford to pay for the entitlements to all of those nonproductive people.

Besides, someone has to create those little green wafers to feed the masses when food prices go through the roof.
#30 January 24, 2011 at 7:34 am
Hedgehog commented:

Where is the Constitutional authority for the government to be in the business of drug research? This should be defunded immediately. That means forbidding expenditure of any appropriated funds from any source (i.e. no reprogramming) for this purpose. “In this case, the center will do as much research as it needs to do so that it can attract drug company investment”. As I understand it, the Anti-Deficiency Statute prohibits the use of any funding other that funds appropriated by Congress to finance government activities. there is undoubtedly some language in the Obamacare bill or some other piece of unread bills that suspend the Anti-Deficiency Statute, so specific language should be included which forbids the use of any outside funding for this purpose.
#31 January 24, 2011 at 7:46 am
KC commented:

Hmmmm?
This sounds like a chop house for partial birth abortions.

Then they’ll parade all the gynie pigs they’ve cured from Parkinson’s, diabeties, numerous cancers, etc etc. and tell the world, “see, see what spinal fluid and brain matter from partial birth abortions can do.” Cure the world!

Stem Cells baby!
#33 January 24, 2011 at 8:37 am
yomotley commented:

MESSAGE FOR REDWINE, comment #13

Your comment has been use in article at http://honeytrail.wordpress.com/2011/01/24/obama-administration-creates-billion-dollar-government-run-drug-company/

Thank you for contributing!
#34 January 24, 2011 at 9:29 am
Jerry C commented:

Why did I ever take the red pill?
#35 January 24, 2011 at 1:32 pm
Paddy commented:

“#30 January 24, 2011 at 7:34 am
Hedgehog commented:

Where is the Constitutional authority for the government to be in the business of drug research? This should be defunded immediately. That means forbidding expenditure of any appropriated funds from any source (i.e. no reprogramming) for this purpose. “In this case, the center will do as much research as it needs to do so that it can attract drug company investment”. As I understand it, the Anti-Deficiency Statute prohibits the use of any funding other that funds appropriated by Congress to finance government activities. there is undoubtedly some language in the Obamacare bill or some other piece of unread bills that suspend the Anti-Deficiency Statute, so specific language should be included which forbids the use of any outside funding for this purpose.”

Hedgehog: the constitutional authority for a government pharma research company comes comes from the same provision that authorizes government ownership of auto and insurance companies and banks.
#38 January 25, 2011 at 11:04 am
Diane commented:

Redwine agree with your #13 comment. This also meshes with Obamacare’s use of Ready Reserve Corp., pg.1312 (Sect. 5210). And then add in a bit of Sharia and they’re sure to take down our Republic.

On a separate note, I wonder how they we deal with Intellectual Property? And, is this also meant to destroy/takeover the generics business?