Thursday, December 07, 2023

Targeting costly medications, Biden admin asserts authority to seize certain drug patents. Really!

Dangerous stuff! Most likely unconstitutional! Big government infringing on property rights!

What do you expect from a senile, demented and corrupt 46th President!

There are other, better ways to introduce more competition into market of medications. E.g. more imports, more generic drugs, shorter patent lifetimes, faster drug approval etc. 

"The Biden administration has determined that it has the authority to seize the patents of certain high-priced medicines, a move that could open the door to a more aggressive federal campaign to slash drug prices.

The determination, which was described by three people familiar with the matter, represents the culmination of a nearly nine-month review of the government’s so-called march-in rights. Progressives have long insisted that those rights empower the administration to break the patents of pricey drugs that were developed with public funds, in an effort to create more competition and lower prices. ..."

Targeting costly meds, Biden admin asserts authority to seize certain drug patents - POLITICO The decision could give the president another tool to use in his effort to lower drug prices.

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