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HomeWORLD NEWSSanders wants to replace patents with prizes for drug inventions

Sanders wants to replace patents with prizes for drug inventions

Sanders wishes to replace drug patents with cash awards.

Finally, a study will be conducted on Sen. Bernie Sanders’s (I-Vermont) proposal to eliminate drug patents and other intellectual property protections in favor of monetary prizes for inventions. Sanders has advocated the reward approach for many years, ever since he was a House representative.

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The provision directing the National Academies of Sciences, Engineering, and Medicine to investigate the concept was added to the Pandemic All-Hazards and Preparedness Act one day prior to its passage by Sander’s health committee. Three Republicans opposed the overall measure, which renews several federal biodefense and pandemic-preparation programs.

Sanders is demanding more drug price controls despite the fact that Democrats passed historic legislation last year allowing Medicare to negotiate drug prices and capping seniors’ annual out-of-pocket drug costs. Until the president releases a plan to control drug prices, he is deferring President Biden’s choice to lead the National Institutes of Health.




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