Post by icemandios on Dec 8, 2023 20:39:21 GMT
White House proposes to 'march in' on patents for costly drugs
December 7, 20231:54 PM ET
The Biden administration is taking another crack at high prescription drug prices. This time its sights are set on drugs that rely on taxpayer-funded inventions.
The federal government spends billions of dollars a year on biomedical research that can – and often does – lead to prescription drugs.
For years, activists have pushed the government to use so-called march-in rights when a taxpayer-funded invention isn't publicly available on reasonable terms. They say the law allows the government to march in and license certain patents of high-priced drugs to other companies to sell them at lower prices.
The federal government spends billions of dollars a year on biomedical research that can – and often does – lead to prescription drugs.
For years, activists have pushed the government to use so-called march-in rights when a taxpayer-funded invention isn't publicly available on reasonable terms. They say the law allows the government to march in and license certain patents of high-priced drugs to other companies to sell them at lower prices.