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Joe Biden Proposal to Seize Certain Patents Raises Alarms
Newsweak ^

Posted on 02/19/2024 6:12:21 PM PST by Tench_Coxe

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To: Tench_Coxe

When one takes federal dollars, one has to play by federal rules.

The only question is what would be the fair royalty rate?

Perhaps $1 million for any FDA approved drug.

Perhaps $10 million for an FDA approved drug that doctors generally know of.

Perhaps $100 million for a drug of major importance.

Perhaps all doubled for being a breakthrough.

Perhaps also 100% of (allowed[normally 100%]) of domestic approval costs to the initial FDA approval recipient.


21 posted on 02/19/2024 7:24:37 PM PST by Brian Griffin
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To: Tench_Coxe

The vacuum tube patent was bought for $100,000 by AT&T as I recollect.

That’s about $12 million in 2024 money.


22 posted on 02/19/2024 7:34:03 PM PST by Brian Griffin
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To: 9YearLurker

More so the immunity option on the vax from lawsuits and to the companies. Without such exemptions, there would be no mass production.


23 posted on 02/19/2024 7:39:44 PM PST by Theoria
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To: rlmorel

“prepare for shortages even more severe”

The shortage would have to be global as there are things called jet airplanes that can fly to the EU in about six hours.

Typically, only about 6% to 12% of the people needing any particular drug live in the USA.

If you want to throw your personal life savings at a drug company, be my guest.


24 posted on 02/19/2024 7:40:21 PM PST by Brian Griffin
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To: Theoria

“immunity”

People can get compensation from the government if they can scientifically prove their case.

Each and every dollar is every bit as good if it came from the US Treasury instead of from a Pfizer bank account.

Essentially, the US government is acting as Pfizer’s insurer and lawsuit response team.


25 posted on 02/19/2024 7:46:14 PM PST by Brian Griffin
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To: farmguy

FYI it costs something like $700 million to $1 billion to get a drug all the way through Phase 3 clinical trials. The drug companies have to put that up to get each new drug approved ... and they have to make that back somehow to turn a profit.


26 posted on 02/19/2024 8:16:25 PM PST by coloradan (They're not the mainstream media, they're the gaslight media. It's what they do. )
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To: Brian Griffin

If you can show me one thing the government has gone head to head with private industry and done a better job at, I am all ears.

So, you actually know something about “jet airplanes”. Surprising.


27 posted on 02/19/2024 8:22:32 PM PST by rlmorel ("The stigma for being wrong is gone, as long as you're wrong for the right side." (Clarice Feldman))
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To: WASCWatch

The SCOTUS ruling on agencies should affect the FDA or CIAs ability to monetize companies such as Facebook, Microsoft, or patients. Congress is both lawmaker and power of the purse.


28 posted on 02/19/2024 8:26:41 PM PST by Jumper
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To: fishtank; Tench_Coxe

Directive 10-289 (May 1, 2019), in Ayn Rand's novel Atlas Shrugged, was an Executive Order drafted by Wesley Mouch, with the willing participation of James Taggart, Orren Boyle, Clem Weatherby, Floyd Ferris, and Fred Kinnon, and signed by Mr. Thompson, Head of State.

Its eight points were an attempt to freeze the collapsing economy of the United States at then-current levels. Instead of doing that, it accelerated the decline, strengthened the case of John Galt and his friends, and hastened the ultimate collapse of economy and government.


29 posted on 02/19/2024 9:17:22 PM PST by linMcHlp
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To: rlmorel

“If you can show me one thing the government has gone head to head with private industry and done a better job at, I am all ears.”

Use your eyes and look at the patents at issue.


30 posted on 02/19/2024 9:40:55 PM PST by Brian Griffin
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To: Tench_Coxe

The official menaced a sneer…

“But who will I report to?’ asked the scientist, as the doctors looked on.

‘Why, the ‘Unification Board’,” the official laughed, smiling at the bureaucracy’s ability to seize the precise opposite of reality in any situation.


31 posted on 02/19/2024 10:27:23 PM PST by IncPen ("Inside of every progressive is a Totalitarian screaming to get out" ~ David Horowitz)
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To: Tench_Coxe

I’m not sure why this would be controversial. If the U.S. government funds a research project that results in the development of a patent-protected concept, then the research partner(s) have no basis to insist on retaining ownership of the patent.


32 posted on 02/20/2024 1:01:09 AM PST by Alberta's Child (If something in government doesn’t make sense, you can be sure it makes dollars.)
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To: Tench_Coxe; thinden; RitaOK

Seen from “the other direction’ we find The Case for Climate Change research.


33 posted on 02/20/2024 3:42:17 AM PST by Cletus.D.Yokel (When I say "We" I speak of, -not for-, "We the People")
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To: Publius

Ping
See also #1: https://freerepublic.com/focus/f-chat/4218600/posts?page=1#1


34 posted on 02/20/2024 3:45:50 AM PST by Cletus.D.Yokel (When I say "We" I speak of, -not for-, "We the People")
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