The Biden Administration is sending a very clear message to American innovators: “We no longer have your back.”
The administration just announced a new effort to give the federal government power to take patent rights away from private companies if they don’t like the prices those companies charge. This is the latest in a series of harmful policies that will undermine U.S. leadership around the world.
The Biden Administration has attacked every pillar of the biopharmaceutical innovation ecosystem. I shared why this matters for researchers and for patients in a recent press briefing.
Most of the world’s medicines are developed in the United States because we have an ecosystem that fosters collaboration and risk taking. New treatments and cures do not come about by accident. And they aren’t developed by the federal government. They emerge from an ecosystem that encourages risk taking and collaboration — one we must preserve and protect.