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The US govt. isn't the evil entity here.
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Actually, it is. The United States is currently trying to get the United Nations to ban research on embryonic stem cells, which represent our best chance of finding a cure.
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From what I understand, their project goal is to create basically a better version of current treatment, where you'd get an injection once every 2 years or so and then would just need daily tablets to control insulin production...do you guys see this as a much better alternative to current technology ?
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Not at all. The problem isn't the injections. The problem is living day-to-day with condition, having to count carbs, be hyperaware of what you eat, how much exercise you've done, dealing with hypos....seriously, the actual 'treatment' part of diabetes is like brushing your teeth every day.
Any project that seriously wants to improve the lives of people with diabetes HAS to find a cure. No other option is worth the time or the money. With pumps, instant BG testing and genetically engineered insulins, there simply aren't any new options left in treatment aside from delivery mechanisms. The only possible 'treatment' option that remains (as opposed to a cure) is a closed loop insulin pump system that is basically an artificial pancreas embedded in the body that can be installed and then forgotten about.
In fact, I'm a firm believer that anyone who diverts funds away from working on a cure to develop things like new inhalers or testing devices should be just taken out and shot because they're deliberately standing in the way of helping people. They might have good intentions, but the act of delaying a proper cure just for the sake of bringing out some nice little device that doesn't actually solve the problem once and for all is just pure and utter evil.