Biden Ambushes Pharma Patents – WSJ
While the press frets about Donald Trump establishing the Fourth Reich, President Biden is rewriting laws to arrogate sweeping power for himself. On Thursday the Administration threatened to seize patents of drugs and other innovations, which could be its most economically destructive executive act to date.The Commerce and Health and Human Services Departments are proposing new guidance on “march-in” rights under the 1980 Bayh-Dole Act. The law was meant to encourage cooperation among industry, research institutions and government to bring innovations to market. Mr. Biden’s patent grab will do the opposite.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8