A Congressional Bailout for a Pharma Firm?

June 28, 2011
Mother Jones
By Siddhartha Mahanta

The fate of the global economy hangs in the balance as Congress continues to haggle over tax cuts, revenue increases, and raising the debt ceiling. But at least they're taking care of big pharma.

On Thursday, the House passed a John Conyers (D-Mich.)-authored amendment to the massive bipartisan overhaul of the nation's patent system. Technically, the measure pushes back when the clock starts ticking on patent expirations, making it easier for companies to secure the rights to the products they create. But in practice, it seems to have allowed one drug company to maintain its patent on a single drug. Read more

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