The global pharmaceutical industry is in an era of greater uncertainty because of looming patent expiries of …

The role of the patent system in the pharmaceutical sector is highly debated also due to its strong public health … different configurations of the patent system upon innovation and competition. The model is able to replicate the main stylized …

invention (through patents) and the clinical trials data submitted for market approval (through data exclusivity). Patent … market exclusivity on the likelihood of drug commercialization. The effect is largely driven by patent invalidations early in …