Ikenna C. Ejimonyeugwo of Panitch Schwarze Belisario & Nadel. Courtesy photoPharmaceutical Patents: Benefits and Challenges
Despite the obvious benefits of pharmaceutical patents, they are also a source of contentious debate concerning issues of unaffordable drug pricing, accessibility to medication, and unfair competition. Many argue that pharmaceutical patents cause more harm than good.
November 21, 2024 at 12:46 PM
8 minute read
Intellectual PropertyPharmaceutical patents are the backbone of the modern pharmaceutical industry. They allow drug developers to possess exclusive rights in their inventions for a limited period of time. That exclusivity drives innovation and is critically important to a pharmaceutical company’s return on investment.
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