Posted on 12/10/2023 7:58:36 PM PST by SeekAndFind
I could point out Joetato’s totalitarian instincts here but I think I’ll just make some popcorn and watch the reaction from Big Pharma. :)
And so naturally, they'll only be given to those deemed "important" enough to get them.
“If you think things are expensive now, just wait for what they’ll cost when they’re ‘free’!” - PJ O’Rourke
Nah.
Probably not.
This would stop development of new drugs dead. No one is going to spend hundreds of millions of dollars developing new drugs if the government is going to steal the patents.
I vote ‘not’ on that but I don’t think they’ll take this idea lying down.
Two reactions from big pharma:
1) raise prices on all drugs not on the list to recover return on investment lost by this action.
2) reduce or eliminate participation in the public supported development of drugs in the future to avoid this problem.
Biden wants ice cream.
He has no concept of perscription anything.
I think I read a study of why this is something to do. Oh yea, Atlas Shrugged.
Cool!
Seize the Coca Cola patents to make soda cheaper. Property rights, after all, should be subject to government seizure.
I’ve read that the price of bringing a new drug to market is over a billion dollars. Things could easily get cheaper if the Government got out of the way. All this latest power grab does is end any private attempts to develop new drugs in America. Small markets like diseases with few victims are already skipped because of the red tape and costs.
At least he is not a dictator like Trump.
“ This would stop development of new drugs dead. No one is going to spend hundreds of millions of dollars developing new drugs if the government is going to steal the patents.”
EXACTLY!!
Say it a thousand times.
Communists want to redistribute wealth , they don’t realize wealth will stop being created when they destroy the system .
We will be back to using tree bark for medicine .
Yes, big pharmaceutical companies are often greedy. And so desperate people get squeezed. But something like 9 out of 10 new medicines fail somewhere in the clinical trials. Companies depend on that 1 success out of 10 to stay in business.
Take away patent protection, and why should companies invest in new research?
Biden is killing the Golden Goose here.
Another reaction might be to hire a slew of powerful lawyers and this plan will be added to the growing list of Biden-actions knocked down hard by the courts.
Few entities have better legal resources than Big Pharma.
Also a lot of Congressional pols in their pockets too.
Avoid taking government money, avoid government contracts and you avoid many of the strings that they want to tie on you.
And for the people who say, but the contracts are so lucrative! That is because they are buying you. Not your labor. You.
This is just for public consumption only. The pharmaceutical companies spend well over $1 billion in lobbying Congress. Hell they might spend 2 billion now who knows. In any event, Congress is bought and paid for by big Pharma and they are going to do whatever they’re told to do including Joe Biden. What a joke.
How about stopping all pharmaceutical advertising on television there’s a good start right there. If you’re going to prevent the tobacco companies from advertising, why not the pharmaceutical companies, they an are public health threat to.
A pharmacist I work with says that this will make drugs less available for patients. Already our suppliers won’t let us order more than one bottle of some of these drugs at a time when people get three bottles each month.
“...to let third parties use those patents to make the drugs available more cheaply.’
Why do I get the feeling those “third parties” will be in China or Ukraine?
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