The Biden administration on Thursday asserted its authority to seize the patents of certain costly medications in a new push to slash high drug prices and promote more pharmaceutical competition.

The administration unveiled a framework outlining the factors federal agencies should consider in deciding whether to use a controversial policy, known as march-in rights, to break the patents of drugs that were developed with federal funds but are not widely accessible to the public. For the first time, officials can now factor in a medication’s price — a change that could have big implications for drugmakers depending on how the government uses the powers.

“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 National Economic Advisor Lael Brainard said during a call with reporters Wednesday.

  • @Godnroc
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    451 year ago

    There would be a good governmental oversight: drug companies may no longer advertise their products to the public. I don’t think anyone has ever seen a drug commercial in a positive light; if the drug was effective and worked well you wouldn’t need to advertise it.

    • Flying Squid
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      371 year ago

      Drug commercials are illegal everywhere in the world except the U.S. and New Zealand.

    • @[email protected]
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      fedilink
      111 year ago

      Moved from US to Canada and its honestly so nice not seeing or hearing ads for zoflam or whatever CONSTANTLY. You don’t realize how much it’s shoved in your face until it isn’t anymore

      • @[email protected]
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        fedilink
        41 year ago

        I’m in the US and generally don’t watch live TV with commercials, but when I do, good god the pharmaceutical commercials!

        • @[email protected]
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          fedilink
          81 year ago

          I only usually watch TV for sports games… that being said, the new enemy is gambling commercials.

          Good fucking God they’re predatory