Posted on 12/08/2023 10:54:31 AM PST by MrRelevant
The Biden administration on Thursday opened the door to seizing the patents of certain costly medications from drugmakers in a new push to slash high drug prices and promote more pharmaceutical competition.
The administration unveiled a framework outlining the factors federal agencies should consider in deciding whether to use a controversial policy, known as march-in rights, to take patents for drugs developed with taxpayer funds and share them with other pharmaceutical companies if the public cannot “reasonably” access the medications. Doing so could lead to the development of lower-priced generic alternatives, which could cut into key drug companies’ profits and reduce costs for patients.
(Excerpt) Read more at cnbc.com ...
It will also completely remove much of the incentive to develop new drugs.
FReepmail.
Hopefully the SCOTUS will stop this.
I just wrote the WH about my concerns with this scheme. And yes, I did include the Youtube link to the Soviet National Anthem.
Can’t profit without 90% to the big guy.
Sure the discovery is theirs. Government supplied the cash. Scientists contribute the work. Was there a contract that provided for government take over under any circumstance before offering the money? Not likely.
The government heavily funded the creation and advancement of the internet…. Maybe they should lay claim to it?
Sorry but you take federal cash, don’t bitch about the strings
Absolutely no problem with this.
You pay for it all yourself government has no claim. You take tax money don’t complain
Lol… so youre okay with the govt basically taking anything they like as long as theres federal funding involved? Got it.
They never owned it…. They funded its development, like countless other projects. They never had a claim to it. Did you like it in 2020 when the federal govt censored truth on the internet bc they had willing accomplices in the industry. Its not that hard to admit the govt should not have this kind of power even if youve butt hurt by big pharma.
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