, 8 tweets, 2 min read
My Authors
Read all threads
1-Here's a fun story about how the major victory in USMCA got lost in the omnibus. (This is the tip of the iceberg compared to what I'm hearing, this one happens to have been discovered and is public.)
2-so the big win in USMCA was eliminating the pharma provision. This would have done two things: a) locked in a 10-year exclusivity period for high-cost biologic drugs, b) expanded the definition of what a biologic is.
3-In the US we already have a 12-year exclusivity for biologics. The reason to kill the 10-year was that if it got into a trade deal, it would be extremely hard to lower the exclusivity below that number without committing a trade violation.
4-Still, we already have the 12-year. So the only tangible, immediate victory from removing the pharma piece from USMCA is not expanding the definition of biologics. Funny story...
5-Here's page 1,503 of the omnibus.
6-This is PRECISELY what was taken out of USMCA, now put into the omnibus, and soon to become law.
7-Now the FDA is saying this is how they always interpreted biologics anyway. (The FDA said something different earlier in the year however) But Congress does get to make laws, and could set that definition any way they want. They chose the most expansive one.
8-This is a pure giveaway to drug companies that undermines months of work on trade. And House Dems just handed it over.
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with David Dayen

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!