Eli5: What is the purpose of patents in the pharmaceutical industry and what kind of impact do they have on drug pricing? 225 viewsJanuary 3, 2024 Question91.85K March 19, 2022 0 Comments Eli5: What is the purpose of patents in the pharmaceutical industry and what kind of impact do they have on drug pricing? In: 0 5 Answers ActiveNewestOldest Anonymous Posted March 19, 2022 0 Comments The purpose is that drugs cost a huge amount to develop, often fail to produce a viable result and patents ensure this investment has a period of time during which the developer can profit from their investment. You are viewing 1 out of 5 answers, click here to view all answers. Register or Login
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