The White House’s Latest Move to Rein in Drug Prices ...Middle East

Time - News

Each year, the U.S. government spends over $100 billion investing in the research and development of new technologies, with pharmaceutical companies being among the chief beneficiaries of this research. These public-private partnerships have led to some of the most important pharmaceutical developments of our time, including the COVID-19 vaccine. But with that partnership, however, there comes a catch. According to the Bayh–Dole Act, if a business organization takes funding from the federal government in order to develop a new product, the U.S. government has the right to “march in” and control who licenses the product. In the case of pharmaceutical companies, this means that the

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Last updated : 08 Dec 2023 clock 09:52 PM

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The White House’s Latest Move to Rein in Drug Prices ...Middle East

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