Monday, October 24, 2011

A news story about patents: check it out

Big name drugs are falling off the Patent cliff

This story just appeared on National Public Radio. It's illustrates the importance of patents in protecting the investment of the expensive research and development that drug companies do so that they may be profitable to continue to produce new drugs. It also shows that because patents expire, generics can be produced which benefit the use with lower costs.

This is the way intellectual property laws should work.

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