Many smaller and developing nations want to reduce patent protection from the current 15 to 20 years down to 5 years or even 30 months.

Question

Quizplus · Accepted Answer

This statement is true. Many smaller and developing nations have been advocating for reduced patent protection to promote access to essential medicines and technologies at more affordable prices. They argue that the current long patent terms limit competition and lead to monopolies, making it difficult for them to import or produce generic versions of such essential products.

Many Smaller and Developing Nations Want to Reduce Patent Protection