patents

Surpeme Court Decision on Gene Patenting Can Affect Drug Prices

Surpeme Court Decision on Gene Patenting Can Affect Drug Prices

In a surprising decision the Supreme Court unanimously (with the opinion written by Justice Clarence Thomas) ruled that human genes cannot be patented by companies that discover them to solely profit off of the research.  This is one of the things that keep name brand drug prices high.   Jonas Salk, inventor of the polio vaccine, […]

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Evergreening

Evergreening

The Incidental Economist(a blog) alerted me to an article by medical student Nicholas Downing and three colleagues exposing the outrageous shenanigans of Abbott Laboratories, maker of fenofibrate, a lipid-modifying drug that claims to reduce the risk of heart disease. In the U. S., patent protection on a new drug expires after 20 years. Since the […]

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