”More than 20 years ago, the Cystic Fibrosis Foundation took the pioneering step of providing research funding to Aurora Biosciences (now Vertex Pharmaceuticals, Inc.) to identify and develop the first treatments for the underlying cause of CF. Driven by the relentless determination of the CF community, those investments led to the development of multiple transformative therapies to treat CF.”
I partially excused that mentally with a "but yeah, research is expensive", but now learning that it was paid for by donations ruins that argument.
The fact that the state don't want to pay for it is of course also debatable..
And the CF Foundation has (had) an ownership stake in the IP for the drug and sold it for $3.5B.
And guess what that money is going towards? More research and help for CF patients! They gave $575M to Vertex for next generation CF drugs.
https://endpts.com/royalty-pharma-tops-its-record-setting-3-...
The foundation getting a cut of the success and reinvesting in new opportunities sounds good though, thanks for pointing that out!
Other charities, like those that are setup to cure specific illnesses, can accomplish their mission on reasonable timeframes.
If not, then one of two things are true:
1) Money can't solve social ills
2) Not enough people who have the means to do so are willing to voluntarily sacrifice to solve a social ill
Either way, that suggests that taxation/wealth redistribution solutions is similarly doomed (unless you're willing to do it by force).