Biden’s patent reform is a handout to China

Whether it’s for the next miracle drug or the next smartphone, product development is a slog. It can take years of research and millions of dollars in funding to bring a product to market. What makes this process feasible is that hopefully in the end, scientists and developers are able to patent their new product or technology, enjoy partial or complete control over their invention, and reap the rewards of years of hard work and investment.

But President Joe Biden wants to do away with that incentive.

The Biden administration is attempting to use a nearly 30-year-old law that will allow the National Institutes of Health to seize patent rights and mandate the price of these seized products. 

This is a horrible plan that would put a nail in the coffin of American innovation and decimate our ability to compete with China.

Biden is passing this destruction of
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