Priti Krishtel works to reform the patent system that keeps drug prices so high.
An Oakland-based attorney is among the recipients of this year’s MacArthur Foundation “genius grants,” an $800,000 gift that gives each recipient unfettered freedom to pursue creative ideas in their field.
The awards, announced Wednesday by the John D. and Catherine T. MacArthur Foundation, were given to 25 recipients. They’re a mix of the famous and obscure, representing a broad cross section of the arts, economics and science. They work in settings as diverse as the wilds of South Carolina to inner-city Chicago.
The root cause of the crisis, she concluded, is the patent system. Patents create a monopoly on a medicine, inhibiting competition and pushing up prices. She decided to walk away from a lucrative Los Angeles law firm job to make a difference in the lives of the sick and the poor. “They can set prices at whim,” she said. “And because these are medicines and not designer watches, we have no choice but to pay.”
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