Alex Azar Quotes
A vigorous and profitable drug industry is not a problem to be solved but a goal to be encouraged.
Azar, Alex. "Remarks on Drug Pricing." U.S. Department of Health and Human Services, 11 May 2018.
The Bayh-Dole Act (Patent and Trademark Law Amendments Act) for the first time allowed universities which held patents obtained as a result of Government Funded Research to enter into agreements with corporations to develop new drugs from those patents. The theory was that, the number of new drugs brought to the market would substantially increase beyond only the hundred or so that appeared each year. Unfortunately, the legislation did not have the desired effect. By the first decade of the 21st century, the number of annual NEW drugs being brought to market was under 30 and in 2010 was only 10. The cost of going through required trials for FDA drug approval has reached hundreds of millions of dollars, and most organizations cannot afford to even make the attempt. Even if a drug is very promising, the drug companies will not invest the money unless there are enough people suffering from the malady the drug treats and the medicine has to be taken for a long time as with chronic conditions. The system works poorly for the society and the health system. Reforms are needed.
The “inflated prices” refers to the fact Americans pay more for pharmaceuticals than any other country in the world as the American government allows the companies to charge any amounts while other governments either negotiate or mandate much lower prices.
Alex Michael Azar II is an American politician, attorney, and former pharmaceutical executive who served as the United States Secretary of Health and Human Services from 2018 to 2021. Azar was nominated to his post by President Donald Trump on November 13, 2017, and confirmed by the United States Senate on January 24, 2018. He was also Chairman of the White House Coronavirus Task Force from its inception in January 2020 to February 2020, when he was replaced by Vice President Mike Pence.