Patents, Health Disparities, and Medical Technology
Patents and Health Differences Between Countries
A patent is a set of exclusive rights guaranteed by a government or an authority to the inventor of a new product or a new manufacturing method, which could be exploited industrially for the benefit of the inventor and for a time-bound implementation.
Pharmaceutical patents relate to new medicinal products or production methods from pharmaceutical research.
The most commonly used method to reduce public pharmaceutical expenditure is the use of generic drugs, i.e., drugs that are developed after the brand-name drug's patent has expired. These are sold without a trademark, with a similar active ingredient, pharmaceutical form, composition, and equivalence to the reference brand drug.
The main advantage...