Why are drug prices so high? Investigating the outdated US patent system | Priti Krishtel
TED Business
00:00
Drug Patents - Are They Working?
On average, there are a hundred and 25 patents filed on each medicine. The higher a patent wall a company builds, the longer they hold on to their monopoly. With no one to compete with, they can set prices at whim. Because these are medicines and not designer watches, we have no choice but to pay. We need to re imagine the patent system to serve the public, not just corporations.
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