Establishes a National Institute for Biomedical Research and Development to promote public health.
The Medicines for the People Act establishes a National Institute for Biomedical Research and Development within the Department of Health and Human Services. The Institute aims to develop drugs, devices, and biological products to ensure public health needs are met. It prioritizes public manufacturing and equitable pricing, licensing patents to for-profit entities under terms that protect public interest. The Institute is governed by a Board appointed by the Secretary of Health and Human Services, ensuring diverse representation and expertise.
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