2011
DOI: 10.2139/ssrn.1950700
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Can Patent Duration Hinder Medical Innovation for Neglected Diseases?

Abstract: We argue that excessive patent duration can deter investments in innovative treatments to eradicate lethal diseases in poor countries. The point is that toolong durations foster incentives to collude to delay investments in R&D for innovative treatments. We give a set of sufficient conditions for which collusion is a subgame-perfect equilibrium. We then show that reducing current duration always breaks down market discipline, and so does an increase in duration for innovative treatments.

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“…Considering the current challenges for the availability and accessibility of drugs for neglected diseases, several authors and organisations have called into question the relevance of patents in the TRIPS Agreement on pharmaceutical R&D and global health (Hubbard & Love, , pp. 0147–0148; Leoni & Sandroni, , pp. 2–18; Malpani et al, , p. 1; Oguamanam, , pp.…”
Section: Part Ii: Patents the Trips Agreement And Access To Essentimentioning
confidence: 99%
“…Considering the current challenges for the availability and accessibility of drugs for neglected diseases, several authors and organisations have called into question the relevance of patents in the TRIPS Agreement on pharmaceutical R&D and global health (Hubbard & Love, , pp. 0147–0148; Leoni & Sandroni, , pp. 2–18; Malpani et al, , p. 1; Oguamanam, , pp.…”
Section: Part Ii: Patents the Trips Agreement And Access To Essentimentioning
confidence: 99%