When a pharmaceutical company discovers a new drug,what does patent law give the monopoly

Question

Quizplus · Accepted Answer

Patent law gives the pharmaceutical company sole ownership of the right to sell the drug for a limited number of years, typically 20 years from the date of filing the patent. After that, other companies can produce and sell generic versions of the drug. This is to incentivize innovation and reward the company for the time and money spent on research and development.

When a Pharmaceutical Company Discovers a New Drug,what Does Patent