Patents on allergy relief medications like Allegra and Claritin give the pharmaceutical companies that own the patents a(n)_____ for 17 years until the patent expires.

Question

Quizplus · Accepted Answer

A patent provides a sustainable competitive advantage for the pharmaceutical company that owns it because it gives them exclusive rights to produce and sell the medication for a certain period of time, in this case, 17 years. This allows them to charge higher prices and control the market for allergy relief medications, creating a significant competitive advantage.

Patents on Allergy Relief Medications Like Allegra and Claritin Give