PRINT LANGUAGES LAWYERS PRACTICES INSIGHTS LOCATIONS VALUES FIRM NEWS CAREERS INSIGHTS SUBSCRIBE HOME INSIGHTS EXECUTIVE ORDER ON PROMOTING COMPETITION IN THE AMERICAN ECONOMY: A FOCUS ON PATENT AND DRUG LAW TO REDUCE HEALTH CARE SPENDING SHARE Executive Order on Promoting Competition in the American Economy: A Focus on Patent and Drug Law to Reduce Health Care Spending OCTOBER 2021 WHITE PAPER Each year, Americans spend more than $1,500 per person on prescription drugs. Critics calling for measures to lower prescription drug costs often cast blame on alleged abuses of patent and competition laws. To address these perceived abuses, President Biden issued an "Executive Order on Promoting Competition in the American Economy" focused on increasing competition in several industries, including the pharmaceutical and biotechnology industries. In response, executive agencies and members of Congress have recently issued reports and letters addressing the concerns and directives presented in President Biden's executive order. This Jones Day White Paper outlines: (i) President Biden's executive order and documents issued in response; (ii) proposed changes to the U.S. patent and drug regulatory regimes; and (iii) potential effects of those proposals on the pharmaceutical and biotechnology industries. Read the White Paper. Attachments Executive Order on Promoting Competition.pdf Jones Day publications should not be construed as legal advice on any specific facts or circumstances. The contents are intended for general information purposes only and may not be quoted or referred to in any other publication or proceeding without the prior written consent of the Firm, to be given or withheld at our discretion. To request reprint permission for any of our publications, please use our “Contact Us” form, which can be found on our website at www.jonesday.com. The mailing of this publication is not intended to create, and receipt of it does not constitute, an attorney-client relationship. The views set forth herein are the personal views of the authors and do not necessarily reflect those of the Firm. CLAIRE E. CASTLES Partner Los Angeles + 1.213.243.2629 ccastles@jonesday.com Practice: Health Care & Life Sciences TONI-ANN CITERA Partner New York + 1.212.326.3454 tcitera@jonesday.com Practice: Business & Tort Litigation DANIEL A. CODY Partner San Francisco + 1.415.875.5835 dcody@jonesday.com Practice: Health Care & Life Sciences AIMEE E. DEFILIPPO Partner Washington + 1.202.879.7631 adefilippo@jonesday.com Practice: Antitrust & Competition Law KENNETH W. FIELD Practice Leader Health Care & Life Sciences Washington + 1.202.879.3963 kfield@jonesday.com Practice: Health Care & Life Sciences SHIRLETHIA V. FRANKLIN Partner Washington + 1.202.879.3892 sfranklin@jonesday.com Practice: Business & Tort Litigation SARAH A. GEERS Partner New York + 1.212.326.3936 sgeers@jonesday.com Practice: Intellectual Property ROSANNA K. MCCALIPS Partner Washington + 1.202.879.3898 rkmccalips@jonesday.com Practice: Business & Tort Litigation CARY MILLER PH.D. Partner San Diego + 1.858.314.1122 cmiller@jonesday.com Practice: Intellectual Property HEATHER M. O'SHEA Practice Leader Health Care & Life Sciences Chicago + 1.312.269.4009 hoshea@jonesday.com Practice: Health Care & Life Sciences JASON G. WINCHESTER Partner Chicago + 1.312.269.4373 jgwinchester@jonesday.com Practice: Business & Tort Litigation ADDITIONAL CONTACTS MIGUEL A. ALVAREZ Associate San Diego + 1.858.314.1189 miguelalvarez@jonesday.com Practice: Intellectual Property YOU MAY ALSO BE INTERESTED IN NOVEMBER 2021 COMMENTARIES EPA Proposes Methane Emission Regulation for Existing Oil and Gas Production NOVEMBER 2021 NEWSLETTERS COVID-19 Key EU Developments, Policy & Regulatory Update No. 68 NOVEMBER 2021 COMMENTARIES Enacting President Biden's Infrastructure Bill: Opportunities in The Infrastructure Investment and Jobs Act NOVEMBER 2021 NEWSLETTERS COVID-19 Key EU Developments, Policy & Regulatory Update No. 67 PRACTICES Government Regulation Health Care & Life Sciences Intellectual Property LOCATIONS Chicago New York San Diego Washington WHY Jones Day? 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