Drug companies that violate law would fund medical research under new Democratic legislation ...Middle East

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Drug companies that violate law would fund medical research under new Democratic legislation
Sen. Elizabeth Warren (D-Mass.) and Rep. Jan Schakowsky (D-Ill.) have introduced legislation that would require pharmaceutical companies who have entered settlement agreements over violating federal law to invest a portion of their profits into key agencies. Titled the "Medical Innovation Act," the bill would apply to large drugmakers who are found to have violated federal laws and also have received federal funding that helped them develop what the bill calls "blockbuster drugs." The legislation defines these drugs as those that had net sales of at least $1 billion in the previous calendar year. Funds collected through this legislation would go towards initiatives in the National I

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