President Joe Biden just declared war on medical science — and has undermined his “Cancer Moonshot.”
That’s the only way to interpret the administration’s announcement last week arrogating the power to seize patents for medicines and other technologies developed with taxpayer funds on the grounds that they’re too expensive.
The president claims the new policy serves the interest of patients. But that’s false. Patents are an indispensable tool for encouraging the invention of all manner of technology, including life-saving medicines.