Biden Ambushes Pharma Patents

null By The Editorial BoardDec. 10, 2023 5:30 pm ETJournal Editorial Report: New indictments precede House impeachment vote. Images: Reuters/AFP/Getty Images Composite: Mark KellyWhile 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. 87990cbe856818d5eddac44c7b1cdeb8Sponsored OffersKohl's: Get 35% Off First Kohl's Card PurchaseWalmart: 20% Off Walmart Promo Code | Sitewide!T

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Opinion Dec 11, 2023 Add to Reading List

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The Editorial Board

Dec. 10, 2023 5:30 pm ET

Journal Editorial Report: New indictments precede House impeachment vote. Images: Reuters/AFP/Getty Images Composite: Mark Kelly

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.