October 16, 2015
Minnesota Alliance Stands up to Drug Company Giveaway
On Monday, members of the Minnesota Alliance for Retired Americans and allies held a rally and press event to raise awareness about the pharmaceutical industry’s effort to secure a special exemption from the Inter Parties Review (IPR) process. A spokesperson from Representative Keith Ellison’s (D-MN) office delivered remarks.
IPR was put in place to prevent companies from taking advantage fo illegitimate patents and to promote fair competition within the marketplace. By claiming an exemption from this process, drug companies would be able to extend their existing patents by making small changes to the drug’s formula or method of administration, rather than improving the drug’s overall effectiveness. This would prevent affordable generic versions of drugs from becoming available to consumers, driving up prices for everyone and costing taxpayers billions.
“Americans already pay the highest prescription drug prices in the world,” said Alliance Secretary-Treasurer Joseph Peters, Jr.“Congress should stand up for Americans seniors and oppose special treatment for drug companies in the IPR process.”