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Unveiling the Complexities of Patents in the Pharmaceutical Industry
The chapter explores the intricate world of patents in the pharmaceutical sector, addressing topics such as obviousness, patent validity, and corporate influence. It delves into the impact of extended patent protections on drug pricing and revenue generation, questioning the true nature of innovation in the industry. The discussion also examines the role of public funding in medical research, the dynamics of drug trials, and the disparity in drug costs across different regions.