China is the second largest market for pharmaceuticals on the planet, behind the United States. In one of its first concessions to U.S. trade pressure, China has extended patent protection for drugs to 25 years, up from 20 years. The change brings China into line with the U.S. and Europe, which allow a drug maker extra […]
Tag Archives: drugs
Why Are Federally-Financed Drugs So Expensive?
February 2, 2017
Patent
After WWII, the Federal government and science in general rode a wave of public approbation resulting from the stupendous success of the war-ending Bomb. Government money poured into basic scientific research, leading to many discoveries, many inventions, and many patents. Back in the day (President Truman’s day, that is), the Government collectively decided that the […]