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.

  • @SCB
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    -101 year ago

    Neoliberalism is a good thing, actually.

    • @Zoboomafoo
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      -41 year ago

      Why would you say something so controversial yet so brave?

      • @SCB
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        1 year ago

        It’s only controversial if your only understanding of economic orthodoxy is Breadtube or some shit lol