Loading ...Targeting costly meds, Biden admin asserts authority to seize certain drug patents
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.
https://www.politico.com/news/2023/12/06/biden-admin-authority-seize-certain-drug-patents-00130452
Theft wrapped in a pink ribbon “for the greater good”
Since the drugs were developed with public funds (our money) I think this might be a good idea. I would need more details.
This is why companies in the private sector should NEVER form a public-private “partnership”. The companies have no business taking tax payer money but it’s so easy to use “ other people’s money”!! And then the govt. “partner” uses its massive powers to get what it wants. It’s a no win in the long run for companies.