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FDA approves cure for sickle cell disease, the first treatment to use CRISPR (www.nbcnews.com)
submitted 2 years ago by to c/technology@lemmy.world
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[–] 1 point 2 years ago (1 child)

I like this - but would companies that fail (in being second) not get credit for their work? You could imagine the second place actually having a more effective product at the end.

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  • [–] 1 point 2 years ago

    You don't have a yes/no payout. You have a graded payout. E.g. you might have a 1 shot cure pay out the full amount, but a sustained treatment only pay a smaller %. This lets you encourage development of the most effective treatment, not the most profitable. It's currently better to make a condition chronic, and so need treatment for a lifetime, than develop a cure.

    You also don't pay out all at once. By spreading it out over sat 10 years. It means it can be adjusted if the company's claims are... less than accurate.

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