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Patents provide protection for new products in the marketplace. Patent protection allows pharmaceutical companies to sell drugs...

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General Management

Patentsprovide protection for new products in the marketplace. Patentprotection allows pharmaceutical companies to sell drugs fora number of years without direct competition. This canresult in extremely high prices for important (possiblylive-saving) drugs.

Should thisprotection be reduced or eliminated in order to lower costs ofhealth care? What would be the result? Explain your position indetail.

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3.7 Ratings (299 Votes)
Answer No I feel that patent protection should not be reduced or eliminated in the pharmaceutical industry The patent provides a company to market a drug without competition for years and allows it to price it at the price that can    See Answer
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