Jul. 29 at 10:12 PM
$MDAI found the reason for the drop today. Currently, patent holders are required to pay around a
$10,000 flat fee for their patent. Trump’s administration is considering changing that to a 1-5% fee based on the patent’s “value” (though I have no idea how a patent would be valued). Biotech across the board was down today
The fee is supposed to help reduce the federal deficit