Kamala is going to snatch patents?

She said if they don't play by "our" rules. This is about accountability. I have no idea what the protocols are for revocation and/or invalidation. Frankly, I'm skeptical that her administration is going to be the catalyst that helps to fight back for the people, but at least the idea is being expressed. That's an idea that we should all be behind. I'm sure many/most of us have some portion of these crooks in our portfolios; I'd gladly take whatever hit comes with it if it meant a more ethical model of pricing.

Go GATORS!
,WESGATORS

 

Is there something that she expressed that strikes you as a violation of known protocols to revoke or invalidate a patent?

Go GATORS!
,WESGATORS

 

There is no right in the Constitution to have affordable healthcare. We are close if not already there with designer drugs for your personal genome. Government is a step behind where this is all going.

“The rich stay healthy
The sick stay poor”

Personalized medicine is coming, but who will have access to it?

 

If this were possible i could rule the world.

 

Maybe she believes the tax credits (R&D tax credits) and government grants are implicit investments by government? Grants and tax credits are policy matters to incentivize growth and investment in IP within the US.

She seems to favor public-private partnerships and government ownership of assets. Government would be conflicted with investments that compete with other private business. PPP is fine for large infrastructure, but not so great if development of industry.

 

If the govt takes away the patent, where is the incentive to continue producing said drug? Would this not create shortages of said drug? It would take time for another company to scale up production if given the patent by the govt. And why would any company take it knowing the govt could take it back at any time and destroy their investment.

 

Wouldn't all of this depend on the nature of why the government is taking away the patent? Is it your view that there is never a good reason to take a patent away from an entity? Or perhaps that patent law cannot possibly be abused in a way to take advantage of the very people that provide it?

Go GATORS!
,WESGATORS

 

That drug would basically be "public domain" ... anyone could produce it. If people need a gov't guaranteed monopoly to incentivize production, we should just pack up and quit capitalism now lol. The people that hold the patents deliberately create scarcity to drive up the price, so its not like its a system of abundance as it stands. I thought competition is what we want in a so-called "free-market?" Is it the governments duty to see that pharma maximizes exclusive profits or to have a competitive market?

 

The only reason the govt should take a patent is if the holder is producing a dangerous product.

 

And if anyone can produce, the likelihood is noone will because there will be very little profit in it. At least not enough to support R&D into new drugs.

 

Sounds like pharma propaganda has worked wonders on people. If you are right, yet another great case to not have a for-profit healthcare system.

 

Basically every drug has side-effects that could be considered dangerous, so that works lol.

 

I can’t get over how many “intelligent” people trust the govt with their money.
And they literally vote for the party who will increase taxes and that same govt has a long history of wasting it.
Then, the libbies dig even deeper and want govt to get more in bed with the business world.
Insane.

 

So if the patent was acquired fraudulently, too bad, should have caught it at the time? My point is there are existing rules that entities agree to when it comes to ownership of a patent. I certainly don't know all of the reasons and/or how they would be applied, but the existing rules extend beyond production of a dangerous product. Is it fair to say that there are existing rules that are applicable that you don't think should be?

Go GATORS!
,WESGATORS

 

Healthcare is a service not a right.

 

Is having a patent a right? Its not last time I checked.

 

You won't pay any price for drugs as they will disappear just like in Cuba, Russia, and Venezuela. (shaking head)