The idea that the government could forcibly seize ownership of a groundbreaking invention you created is chilling. But that is the prospect the Biden administration seeks to invoke against American innovators in the pharmaceutical space — the driving force behind two-thirds of global drug discoveries.
President Joe Biden’s misguided proposal not only jeopardizes the incentive to innovate but could also lead to a mass exodus of talent and research initiatives from the United States.
America leads the world in drug development thanks to its world-leading system for protecting patents and intellectual property. Abraham Lincoln, a patent holder himself, recognized that patent rights “added the fuel of interest to the fire of genius.” The current administration, however, is trying to undermine our successful system, and the consequences of its proposed regulatory changes could negatively affect millions of lives across