I'd like to see more of a potential plan here - otherwise I'm afraid that making a drug un-patentable would make it /less/ likely that it goes to market.
I believe I've seen evidence of exactly that happening as margins for a drug are very low if it can't be protected (via IP), and the cost to bring a drug to market is so high.
I see many problems with current IP system - but I don't see how this is avoidable in a completely commoditizable generic drug market.
If I'm making some incorrect assumptions here, I'd love to know!