The idea is plausible but the reason there are drug encoding genes is because someone identified the genetic sequence as promising drug target. IF you change the sequence in that gene, you have essentially started over and it is just a sequence without any literature behind it. There may not be any viable drug targets since you messed the sequence up.
Identifying a drug associated sequence means that the molecules encoded by that sequence produce something that has drug activity. If you change the sequence the drug activity is not established and for all practical purposes, lost. You would be making new compounds randomly and they need to be reevaluated.