In excess of 90% of the research on new drugs in this country is produced by our publicly funded State University System or by NIH organizations. Big Pharma, in fact, is lousy at innovation. What they are real good at is developing "Me Too" drugs (Their version of new drugs. For example Statin drugs were developed by publically funded research after which big pharma developed and patented their version of these statins, e.g. Mevacor, Lipitor, Provachol, Chrestor, etc.), obtaining patent monopolies and then succesfully defending those monopolies against competition.