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Although government funding comes with fiscal costs that are ultimately borne by taxpayers, those costs are spread across wider segments of the society, and the net returns to the society can exceed the initial risks and costs, especially in medical and biotech innovation, Counterintuitively, government intervention can supplement market mechanisms to enhance the private economic profits from an innovative product

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The first medication in this class (exenatide: Byetta) was FDA approved in 2005 for Type 2 Diabetes Mellitus (DM)

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