Economist Wants the Big Pharmaceuticals Nationalised

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Jim O’Neill, a former banker and economist who got so good at his job and shook all the right hands that he’s now known as The Right Honourable Lord O’Neill of Gatley, has been thinking about the looming planetary death sentence that is antibiotic resistance. And he’s had an idea. People with their life savings in GlaxoSmithKline shares look away now.

O’Neill was speaking to an audience of health pros about the problematic antibiotics market, when he suggested a number of ways the pharma giants might be encouraged to spend more time and money on antibiotic developments, rather than pursuing more profitable drugs. Potentially nationalising some drugs giants was his headline idea, with O’Neill threatening the pharma businesses with the impossible menace of:


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