A prescription drug patent has a fixed duration of __________.

Question

Quizplus · Accepted Answer

A prescription drug patent has a fixed duration of 20 years. This is to encourage pharmaceutical companies to invest in research and development of new drugs without fear of competitors copying and profiting from their discoveries. After the patent expires, other companies can produce generic versions of the drug, which are usually less expensive than the brand-name equivalent.

A Prescription Drug Patent Has a Fixed Duration of __________