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pnwmom

(109,029 posts)
Wed Dec 6, 2023, 09:34 PM Dec 2023

Targeting costly meds, Biden admin asserts authority to seize certain drug patents

Source: Politico

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.


The administration will not endorse the widespread use of march-in rights, and is not expected to take action against any individual medicines, said the people familiar with the matter, who were granted anonymity to discuss internal decision making.


Instead, the Commerce Department on Thursday plans to issue a new framework spelling out factors that federal agencies should weigh in determining whether to take march-in action against expensive drugs or other individual products that were created with federal help. The price and availability of that product to the public are among the factors the department will recommend that agencies consider.

Read more: https://www.politico.com/news/2023/12/06/biden-admin-authority-seize-certain-drug-patents-00130452

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Targeting costly meds, Biden admin asserts authority to seize certain drug patents (Original Post) pnwmom Dec 2023 OP
Huge! summer_in_TX Dec 2023 #1
Have I mentioned this lately? stage left Dec 2023 #2
Wow. That's a VERY slippery slope. CaptainTruth Dec 2023 #3
Just do it. dalton99a Dec 2023 #4
Good Magoo48 Dec 2023 #5

CaptainTruth

(6,627 posts)
3. Wow. That's a VERY slippery slope.
Thu Dec 7, 2023, 12:32 AM
Dec 2023

I know several folks who work at major "research universities" that conduct research for the government, & the universities retain the intellectual property rights to the things they develop. Being able to own & monetize that IP allows the universities to provide state-of-the-art research facilities & research experts. If the government starts taking ownership of any of that IP, I can see publicly-funded research facilities potentially backing away from government-funded research, with the result that the research may end up being much more expensive to conduct, & major breakthrough drugs could take significantly longer to develop, at the cost of human lives.

I understand the administration is trying to lower drug prices, but this issue is more complex than it may appear on the surface.

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