Pharmaceutical Drug Patent Expiration List for 2017
Pharmaceutical companies rely on patents, which expire after 20 years, to defend their intellectual property or drug invention from copycat versions. The drug’s patent expiration has a huge impact on revenue for the major drugmakers. They have to cut costs, raise their prices or discover new blockbuster drugs. When patents expire, generic drug manufacturers are free to produce their own replicas which cost as much as 80 percent less compared to originals. As outlined by the US FDA, these generic medicines have to be similar to the branded meds in terms of effectiveness, safety, usage, pharmacodynamics and pharmacokinetics. Here’s the drug patent expiration list for 2017.