Stronger worldwide patent protection key to medical advances

Public dismay about high drug prices is a major news item these days. Notwithstanding that some of the more notorious controversies involve generic products, particular concern has surrounded the pricing of new patented drugs such as Gilead Sciences’ hepatitis drug Sovaldi and Vertex Pharmaceuticals’ cystic fibrosis drug Orkambi.The fundamental concern is that high prices for new drugs will limit patient access to those drugs, as government and even private insurers struggle to find the money to pay for them. At the same time, it’s widely acknowledged that developing new drugs is a risky and expensive proposition, particularly with the advent

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