Compulsory Licensing
What is compulsory licensing in relation to the pharmaceutical industry?
A compulsory licence is a permit which makes a drug company's patent ineffective and is usually used by companies that want to make drugs similar to a parent drug therefore creating a generic drug
How are IPRs used by drug companies and what does it stand for?
IPRs are Intellectual Property Rights used by drug companies to have a monopoly of 20 years on their product.
What is the concept of evergreening and how does it relate to IPRs?
Evergreening is the idea of extending the monopoly from the original patent which is the IPR. It is used by drug companies in order to avoid losing sales right before their patent expires
T or F - compulsory licenses are generally taken well by the drug industry.
FALSE - compulsory licenses were seen as a threat to parent drug companies and many wanted to get it shut down
T or F - do IPRS create more profit and exclusivity of a product?
TRUE - IPRs are known to create more profit and exclusivity due to the 20 year period
T or F - evergreening and compulsory licenses are the same where the company creates a pseudo/ generic drug or their original one
FALSE
Evergreening is used by the parent companies to create generic drugs of their own drug to extend sales while compulsory licensing is used by other companies not related to the parent company