Drugs referred to are those normally prescibed for the elderly and whose patents are about to expire.
2006-11-30 13:00:08 · 4 answers · asked by PharmaGeek 1 in Politics & Government ➔ Law & Ethics
You mean aside from the drug manufacturers who take the entire Dr.'s office out for lunch.... paid for by the drug companies?
Okay, the patent runs out after a certain time, but generally, right before the patent runs out, they come out with a new and improved version of the drug that does more. This way, they can get a new patent. That is exactly how it works.
They were recently advertising something on TV for blood pressure. Two pills combined in one now. The patent is almost up on the old one and the market will be flooded with generics for those. The new combination will have a patent and be very expensive for the next seven years.
2006-11-30 13:14:32 · answer #1 · answered by Jade 5 · 0⤊ 0⤋
Name brand drugs have a patent for seven years. After that seven years generic drugs can come out.
2006-11-30 13:03:16 · answer #2 · answered by Ludwig Wittgenstein 5 · 1⤊ 0⤋
Consider for a moment that you are a name brand manufacturer and you just introduced a new drug that you spent 60 million dollars developing and certifying - how much more research and development would you invest in the future for new medicines if you couldn't patent it?
2006-11-30 13:16:00 · answer #3 · answered by LeAnne 7 · 0⤊ 0⤋
Name recognition and the belief that the brand name drug is better than the generic.
2016-05-23 06:33:21 · answer #4 · answered by Anonymous · 0⤊ 0⤋