I think it will be cool if there's a pharma company that would use crowdfunding to decrease the medicine costs. So each tier/goal will unlock additional benefits.
For example, if they created drug X with the research cost of $10M. When sales/crowdfunding reaches:
- $1M: drug margin is reduced by 10%
- $5M: drug margin is reduced by 50%
- $10M: drug is sold at cost & recipe is now open-sourced
These clear goals will be big incentive for people and organizations to donate. A successful fundrasising could drive new medicine cost way down or open-source it.
But of course, the system can still be exploited by inflating cost numbers, etc.
Maybe it could work for a non profit, but the medical world has so many methods they start exploring but find are unfruitful (with many thousands to hundreds of millions invested). You essentially have to make boatloads of money on some products over a long time frame to continue the research and development efforts.
For example, if they created drug X with the research cost of $10M. When sales/crowdfunding reaches:
- $1M: drug margin is reduced by 10% - $5M: drug margin is reduced by 50% - $10M: drug is sold at cost & recipe is now open-sourced
These clear goals will be big incentive for people and organizations to donate. A successful fundrasising could drive new medicine cost way down or open-source it.
But of course, the system can still be exploited by inflating cost numbers, etc.