this post was submitted on 08 Dec 2023
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Interesting Global News

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cross-posted from: https://lemmy.world/post/9298788

The Biden Administration on Thursday announced it is setting new policy that will allow it to seize patents for medicines developed with government funding if it believes their prices are too high.

The policy creates a roadmap for the government's so-called march-in rights, which have never been used before. They would allow the government to grant additional licenses to third parties for products developed using federal funds if the original patent holder does not make them available to the public on reasonable terms.

Under the draft roadmap, seen by Reuters, the government will consider factors including whether only a narrow set of patients can afford the drug, and whether drugmakers are exploiting a health or safety issue by hiking prices.

"We'll make it clear that when drug companies won't sell taxpayer funded drugs at reasonable prices, we will be prepared to allow other companies to provide those drugs for less," White House adviser Lael Brainard said on a press call.

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[–] PP_BOY_ 21 points 1 year ago (1 children)

What a good piece of legislation can really make a difference for so many Americans. I'm excited to see this never be used and quietly get taken off the books in three years by Republicans.

[–] [email protected] 6 points 1 year ago

Three years? That's optimistic...

[–] [email protected] 5 points 1 year ago (2 children)

This only covers “Taxpayer funded drugs”. apparently.

[–] captainlezbian 12 points 1 year ago (2 children)

That’s a huge portion of them. Taxpayers help out a lot at early levels of drug discovery with things like public universities and research grants.

[–] EatYouWell 2 points 1 year ago

Which is why research papers should be provided for free if they were funded with tax money.

[–] [email protected] 3 points 1 year ago (1 children)

Man that's a really important piece of information, it should be in the article title. The greediest companies are not the tax payer funded ones

[–] Not_mikey 2 points 1 year ago

No, the greediest companies take all the tax payer funding and research they can before patenting it and pretending they made it, see moderna. Why pay for your research when you can get the taxpayers to do it?

[–] piranhaphish 4 points 1 year ago* (last edited 1 year ago) (1 children)

[death-by-snu-snu-excited-scared-meme.gif]

[–] [email protected] 1 points 1 year ago

The spirit is willing but the body is spongy and bruised