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Bernie Sanders(Entrepreneurship and Innovation) (view source)
Revision as of 16:59, 1 February 2016
, 16:59, 1 February 2016no edit summary
===Patent System Reform===
*The way the patent system is currently structured has the effect of stifling innovation [http://feelthebern.org/bernie-sanders-on-small-business-and-entrepreneurship/ (BSWEI)]
**For example, in the pharmaceutical industry, much of research spending by private companies goes toward attempting to make drugs similar to those already patented rather than discovering new medicines and treatments
*Introduced the Medical Innovation Act in 2005 and 2007 to allow generic versions of new medications to be manufactured immediately in order to affordably satisfy demand, while introducing a prize fund to reward pharmaceutical innovations [https://www.congress.gov/bill/110th-congress/senate-bill/2210 (Congress)]
