Prescribing originality: investigating the impact of original knowledge on patent quality in the pharmaceutical sector

What is it about?

There is a robust and positive relationship between patent originality and quality in the pharmaceutical sector, which is positively moderated by joint patent ownership with a university. Policymakers can use characteristics of the originality of a new drug to discern the optimal length of market exclusivity needed to enable the innovator to recoup expenditures related to research and development.

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