Question

The patent length for drugs to treat fatal diseases is reduced to five years, and current patents for such drugs that are already

True/False

Answer 1

Hi

False

Step-by-step explanation:

Since the way to protect the innovation of a product, in this case of a medicine, is by giving it a period of time in which it has exclusivity of sale in the market. The duration of the patent is 20 years from the date of filing of the patent application. Once this time passes, any manufacturer that meets the quality requirements can produce that same medicine.

In some countries, it is possible to obtain a longer period of protection for pharmaceutical products. This is awarded as compensation for the loss of the actual period of protection for possible delays in obtaining approval of the drug for certification.