Patent abuse by Big Pharma makes our healthcare more expensive
August 31, 2023
Pharmaceutical patents are a key instrument that promote innovation in America. They provide a financial incentive for pharmaceutical companies to invest in research and development, and allow them to recover costs and make a profit once their medication hits the market.
However, an alarming trend has emerged: companies are increasingly manipulating the patent system to create and extend monopolies on their drugs far beyond what is fair. This is not by any means what was intended when our patent system was created, and it has increasingly become one of the primary drivers of skyrocketing pr...