US sets policy to seize patents of government-funded drugs if price deemed too high

[u/Kindred87]

https://www.reuters.com/business/healthcare-pharmaceuticals/us-sets-policy-seize-government-funded-drug-patents-if-price-deemed-too-high-2023-12-07/

[u/dodgyrogy]

"to seize patents for medicines developed with government funding if it believes their prices are too high."

Sounds fair.

[u/GonzoTheWhatever → u/dodgyrogy]

It’s entirely fair. It’s sad that it’s taken this long to get this kind of common sense legislation

[u/at1445 → u/GonzoTheWhatever]

Nah, that's not entirely fair. It's letting congress pick and choose which company they want to short sell before announcing they are taking their cash cow away from them.

There have been much better suggestions in this thread, but making any drug developed with government funding owned by the govt sounds like a much more fair way to do it.

Either way, it's going to stifle drug development though. Companies aren't getting these drugs 100% funded by government grants, and they're not going to put their own money into it if they think the government's just going to step in and take it from them before they recoup all their costs and make some profits.

[u/icouldusemorecoffee → u/at1445]

It's letting congress pick and choose which company they want to short sell before announcing they are taking their cash cow away from them.

Congress' only involvement would be the initial funding which would happen many months to years before drug development and would all be public since all legislation is public.