Professor Lee Comments on Drug Prices for Los Angeles Times
Professor Peter Lee was recently quoted in a story in the Los Angeles Times on soaring drug prices. According to Professor Lee, “the government has cards to play” to reduce such prices. In particular, a 1980 statute, the Bayh-Dole Act, allows the government to compulsory license patented inventions (including drugs) arising from federal funds if those products are not available on reasonable terms. Furthermore, another statute allows the federal government to use patented inventions without authorization, providing only reasonable compensation to the patentee.
Professor Lee's scholarly work addresses the intersection of science and society, particularly exploring the patent system's impact on scientific and technological progress.