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Pharmaceutical patents need a new lease of life

Managing Intellectual Property


Patrick Duxbury and Emma Tuck ask whether the increasing cost of drug development, and the declining numbers of drugs being approved, mean that IP protection for life science products should be reevaluated

According to the European Federation of Pharmaceutical Industries and Associations (EFPIA), by 2006 the cost of researching and developing a new chemical or biological product had reached on average €1,059 million ($1,318 million). Increasing regulation, price control, competition and challenges...


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