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Compared with developed economies, health expenditure in China is not particularly high on a per capita basis or as a share of Gross Domestic Product (GDP). Similarly, pharmaceutical expenditure in comparative perspective is not particularly high on a per capita basis or as a percentage of GDP....
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In a globalized world where the free-flow of creative thinking and new ideas carries a price tag, intellectual property (IP) plays a pivotal role. To lay ground rules and standardize intellectual property rights, members of the global community have devised international bodies like the World...
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The patent laws of many countries have ''research exemption'' provisions that exempt certain research-related uses of … proprietary materials from patent infringement. By limiting the rights of existing patent holders, such rules are meant to … facilitate follow-on innovation and benefit latecomer firms, especially in the pharmaceutical industry. In this paper, we provide …
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