collective intelligence non profit drug company
The idea here is to create a non-profit which would accept contributions
for testing and bringing to market specific drugs. It could have a
for-profit subsidiary that specialized in out-sourced sheparding of
drugs through the approval process. Members would vote with their
contribution dollars for specific drugs. Paid staff would curate a wiki
that supported periodic comparisons between various candidates
approaching readiness for a specific market, which would ensure that
that member votes had the beneifit of the best available information and
expert opinion.
particular compounds to get their product to market. Members would be voting with real contribution dollars so they would
have an incentive to read expert opinions from the wiki carefully. Paid staff dealing with the FDA would have a unique ability to help their candidates by utilizing the political pressure of a highly
motivated member base. Current drug companies can't utilize the collective intelligence or public pressure components of this model but a non-profit could.
Many unpatentable compounds like common amino acids and othersupplements can't get the same quality of double blind testing that
riskier new compounds do. This model might help with that. Its a complex model and not for the faint of heart. Key suppliers and
partners would include the companies that were creating and finding
compounds, the institutions participating in different phase tests, the
FDA, the trade and public press, and various existing non-profits
dedicated to specific diseases. You still have all the typical drug
company concerns like manufacture, marketing, doctor prescription,
consumer purchase, insurance payment, safety monitoring etc... ok, now I'm caught up to today with a my business idea per day
resolution for 2011.
