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May 16, 2018

Trump Announces intention of Stopping Pharma Companies From ‘Gaming’ Patent System


donald-trump

Recently, US President Trump announced in a White House speech his intention to “take steps” to lower drug prices by stopping “gaming of regulatory and patent processes by drug makers to unfairly protect monopolies,” as well as increasing price transparency and promoting biosimilars and generics. But to do this, his administration will take on what it sees as “freeloading” on US innovation by foreign governments, and addressing “unfair” intellectual property and market access policies in trade agreements.

The plan as outlined appears to offer some proposals, such as updating a drug database for greater transparency, possibly requiring prices to appear with drug ads, and making generics free for low-income senior citizens. And the administration also will publish “a comparison of drug prices in the United States with those in other OECD countries, to examine freeloading,” it says.

But public health advocates reacted strongly to the announcement, saying it may only exacerbate problems of medicines access at home and worldwide.

(Credit: IP Watch)

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