Thursday, January 19, 2017

Why Patent Protection In The Drug Industry Is Out Of Control; Forbes, 1/19/17

Robert Pearl, M.D., Forbes; 

Why Patent Protection In The Drug Industry Is Out Of Control


"Patents originated in ancient Greece. This legal protection assumed greater importance in 15th-century Venice as a means to protect the nation-state's glass-blowing industry. The first patent granted in the United States was in 1790.

Across history, governments created patents for two important purposes. The first was to stimulate interest in research and find solutions to problems that vexed the nation and the world. The second was to promote the broader good of the country. The duration of time designated for exclusive use of the new technology or approach was intended to be relatively short, with the public gaining the resulting benefits in perpetuity. As such, the granting of a patent was designed to advance not only the interests of its creator, but also, equally, the economy and well-being of the nation.

The intent of the patent process and the balance between the dual objectives have been warped over the past decade. "

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