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In this episode, we reveal how the National Institutes of Health (NIH) funnels your tax dollars to big pharma through the Bayh-Dole Act. Passed in 1980, the Bayh-Dole Act allows universities, small businesses, and non-profits to own inventions made with federal funding and license them to private companies. This has led to significant medical advancements, but also raised questions about who benefits the most.
The NIH has earned up to $2 billion in royalties from 34 drugs sold from 1991-2019. Often, NIH’s investment in drug development is comparable to or greater than that of the pharmaceutical industry. This raises concerns about whether public funds are truly serving the public or primarily boosting pharmaceutical profits.
Want to learn more and see the resources I used? Visit my website for detailed information and links to all the references.
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#BigPharma #NIH #BayhDoleAct #TaxDollars #Healthcare
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Welcome to Jessie Virga’s channel, where she shares insights on her wide array of interests. Jessie also hosts an audio podcast (link below).
Jessie Virga hails from the Bronx and has an extensive background in security and defense, having spent 10 years in the military in various security roles. Following her military service, she pursued a degree in Cognitive Behavioral Neuroscience from UCSD and briefly pursued medical school. Realizing her true passion lay elsewhere, she transitioned back to security work with the Department of Defense and Homeland Security, earning both an MBA and a DBA in Homeland Security. She is currently pursuing a PhD in Health Psychology.
Jessie’s career has always focused on protecting people, information, and infrastructure. Her dedication extends beyond her professional life. She volunteers for Search and Rescue, works as a part-time EMT (TCCC/TECC), and enjoys hiking, backpacking, Brazilian Jiu-Jitsu, and staying active.
In addition to her professional and volunteer commitments, Jessie is an entrepreneur. She owns several businesses, including a nonprofit animal welfare organization, K&L Animal Rescue. Jessie is eager to share her extensive knowledge and experiences through her journeys. These thoughts are her own, and she welcomes engaging with those who have something interesting to share. Feel free to reach out via email.
Thank you for being here, and God Bless.
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