When a pharmaceutical company discovers a new drug,patent law gives the monopoly

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Patent law gives the pharmaceutical company sole ownership of the right to sell the drug for a limited number of years. This gives the company exclusive rights to sell the drug and prevent others from producing and selling the same drug during the patent period, typically 20 years from the date of the patent filing. After the patent period expires, other companies can produce and sell generic versions of the drug, which typically results in lower prices for consumers.

When a Pharmaceutical Company Discovers a New Drug,patent Law Gives