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.
If it’s a drug that is completely government funded then it should be open. If the drug company has some skin in the game than allowing them to profit from the patent is not unreasonable if, and I mean if, the government gets something like a share of the profits or the ability to manufacture the drug as if they had a built in license. Just free money is corporate welfare. And we know what the right think of welfare.
If it’s a drug that is completely government funded then it should be open. If the drug company has some skin in the game than allowing them to profit from the patent is not unreasonable if, and I mean if, the government gets something like a share of the profits or the ability to manufacture the drug as if they had a built in license. Just free money is corporate welfare. And we know what the right think of welfare.