Antitrust Lawyer Blog
The STRONGER Patents Act is proposed legislation that if passed would ultimately lead to higher drug prices for patients while lining the pockets of the big pharmaceutical companies.
American patients are well-acquainted with the high prices Big Pharma charges for prescription drugs. Families across the country are struggling to afford life-saving and maintaining medication they desperately need while the big pharmaceutical companies reap the rewards. In fact, prescription drug prices here in the United States are so high that Americans pay significantly more than any other high-income nation for the exact same drugs.
A significant reason that drug prices are so high is that Big Pharma has established effective monopolies by preventing and delaying generic drug competition. Big Pharma has many techniques they use to prevent and delay competition and keep drug prices high, but their most pervasive and damaging tool is the abuse of America’s patent system.