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How do intellectual property rights relate to pharmacy?

In: Intellectual Property, Copyright Law [Edit categories]

Answer:

As new drugs enter the market, they are protected by patent law for 20 years. During this period, the patent holder has the exclusive right to manufacture or license the drug; often, prices are extremely high while the patent is in effect, as the company struggles to recoup the millions they invested in research and development. Once the patent expires, generics copies are authorized.

First answer by Gospodyina. Last edit by Gospodyina. Contributor trust: 196 [recommend contributor ]. Question popularity: 1 [recommend question].

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