HINJ Statement on Health Care Proposal from Sen. Booker

HINJ President and Chief Executive Officer Dean J. Paranicas issued a statement on Nov. 15 about the new health care proposal from Sen. Cory Booker (D-N.J.): “Intellectual property is the very lifeblood of American innovation – whether it is created in New Jersey, Silicon Valley, MIT or the Pentagon, or whether it’s in biopharmaceuticals, software, nanotechnology or defense – which is precisely why preserving it has been a core American value since our country’s founding. Sen. Booker’s proposal calls for the federal government to effectively confiscate a life sciences company’s patented intellectual property through compulsory licensing if price negotiations fail – after the company has risked billions of dollars and worked for a decade or more to bring a new treatment or cure to patients.” Please read more here.