FTC Voices Help for March-In Rights on Patents to Assist Management Drug Costs – Duane Morris Life Sciences Legislation

The Federal Commerce Fee (FTC) has introduced its help of the federal authorities’s use of “march-in rights” as a mechanism to regulate the worth of prescription drugs. The Nationwide Institute of Requirements and Know-how (NIST) late final yr issued its “Draft Interagency Steerage Framework for Contemplating the Train of March-In Rights” that might basically change using march-in rights by permitting the federal government to train worth management beneath the Bayh-Dole Act, which the FTC introduced its help for final week. This shift is the most recent effort by federal businesses to decrease drug costs within the wake of President Joe Biden’s Government Order on Selling Competitors within the American Economic system.

Learn the total Alert on the Duane Morris LLP web site.