Peter Welch actually said...

And where you have a patent system that can be abused by the patent holders, and they go beyond the period of exclusivity, it is brutal on the cost of healthcare for American employers.

Context

Welch highlights the negative impact of patent abuse on healthcare costs.

07/26/2023

https://www.congress.gov...

More Peter Welch Quotes

I don't get it where you get a patent, let's say for 20 years and it goes on for 30 years or 35 years.
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But what I have seen is, in particular in the drug industry, an abuse by patent holders of that period of exclusivity.
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It is really important, your responsibility, to have patents issued timely, appropriately, for innovators.
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What is the ability and the commitment of the Patent Office to stop the extension of that period of exclusivity and monopoly power that has ...
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