Technology & Science
Mar. 3, 2011
Budget Plan Cuts Biotech Patent Protections
In his fiscal 2011 budget proposal, President Barack Obama wants to end patent settlements between pharmaceutical and generic companies, and cut the period competitors must wait to sell generic biologic drugs.
Daily Journal Staff Writer
President Barack Obama went after patented drugs not just once, but twice, to cut billions of dollars in his fiscal 2011 federal budget proposal.
Both initiatives - to end patent settlements between pharmaceutical and generic companies, and to shorten the period competitors must wait to sell generic biologic drugs - could bring generic medications to market sooner, saving money for government health ...
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