Biden administration asserts power to seize drug patents in move to slash high prices Dec 7 2023 Key Points
The Biden administration asserted its authority to seize the patents of certain costly medications. The effort marks a new push to slash high drug prices and promote more competition in the pharmaceutical industry in the U.S. The administration unveiled a new framework outlining the factors federal agencies should consider in determining whether to use a controversial policy known as march-in rights https://www.cnbc.com/2023/12/07/biden-administration-asserts-power-to-seize-drug-patents.html