The Biden administration is putting pharmaceutical companies on notice. Washington is warning them that if the price of certain drugs is too high, the government might cancel their patent protection and allow rivals to make their own versions.
Yeah I think the first reaction to this was too hot. The government probably doesn’t want to seize patents and this is really meant as a warning to get pharma to keep drug prices down more reasonable prices.
Yeah I think the first reaction to this was too hot. The government probably doesn’t want to seize patents and this is really meant as a warning to get pharma to keep drug prices down more reasonable prices.
That is, generally, how the Federal government prefers to work. They’d rather extract compliance from than execute action against businesses.