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Nathan Nicolaisen

Advancing Pharmaceutical and Medical Technology Does Not Depend on Patents

Mises Daily

Author: Nathan Nicolaisen

Online Publish Date: December 31, 2013

Pharmaceutical drug manufacturers are often regarded as the successes of the intellectual property regime. It is assumed that their willingness to take risks by investing heavily in R&D is justified by the awarding of patents over their lifesaving discoveries. Proponents of intellectual property claim that without patents many lifesaving drugs

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