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Prize Fund for HIV/AIDS Act (view source)
Revision as of 16:56, 19 February 2016
, 16:56, 19 February 2016→Heterogeneity of Patent and Prize Systems
==Heterogeneity of Patent and Prize Systems==
The act nullifies patents on manufacturing processes of drugs, so that no company may hold the patent on the manufacturing process of a drug. However, a company becomes eligible for prize funds by holding a patent on the manufacturing process they use to create a drug. [Bill language: ''...in the case of a manufacturing process for a qualifying treatment for HIV/AIDS, the holder of the patent with respect to such process...'']. No new firms may be eligible for prize funds if they use a manufacturing process they did not hold a patent for.