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<blockquote data-quote="NotAYakk" data-source="post: 8876928" data-attributes="member: 72555"><p>So, US patent law means that after 12 years, the first treatment <em>must be able to be made by a generic company</em> without IP blocks.</p><p></p><p>The companies will try to improve their treatment and get extended patent protection, but it only covers the improvements.</p><p></p><p>As an example, the old-school insulin has no patent protections; the fancier new insulins (which are much better) do.</p><p></p><p>...</p><p></p><p>Now, the monopolization of production is a different problem. Lots of the bad press comes from that -- only one producer of X, so they jack the price of X up to increase profits.</p><p></p><p>There isn't a legal protection around the production of X, but if only one company currently makes it, it is really easy to pull this off.</p><p></p><p>What more, it is insanely more efficient to have one factory to make many of these medicines - the economies of scale are in favour of monopoly. There are natural monopolies all over the place here.</p></blockquote><p></p>
[QUOTE="NotAYakk, post: 8876928, member: 72555"] So, US patent law means that after 12 years, the first treatment [I]must be able to be made by a generic company[/I] without IP blocks. The companies will try to improve their treatment and get extended patent protection, but it only covers the improvements. As an example, the old-school insulin has no patent protections; the fancier new insulins (which are much better) do. ... Now, the monopolization of production is a different problem. Lots of the bad press comes from that -- only one producer of X, so they jack the price of X up to increase profits. There isn't a legal protection around the production of X, but if only one company currently makes it, it is really easy to pull this off. What more, it is insanely more efficient to have one factory to make many of these medicines - the economies of scale are in favour of monopoly. There are natural monopolies all over the place here. [/QUOTE]
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