Asian Spectator

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Pharma's expensive gaming of the drug patent system is successfully countered by the Medicines Patent Pool, which increases global access and rewards innovation

  • Written by Lucy Xiaolu Wang, Assistant Professor of Resource Economics, UMass Amherst
Pharma's expensive gaming of the drug patent system is successfully countered by the Medicines Patent Pool, which increases global access and rewards innovationDrug patents don't necessarily spur companies to innovate so much as restrict access to their IP.Andrii Zastrozhnov/iStock via Getty Images Plus

Biomedical innovation reached a new era during the COVID-19 pandemic as drug development went into overdrive. But the ways that brand companies license their patented drugs grant them market monopoly,...

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