Patents for wonderful life-saving medications last for 20 years. After then, other firms can copy them with no royalty payment.
Drug prices to plummet in wave of expiring patents
By LINDA A. JOHNSON, AP Business Writer – 1 day ago
The cost of prescription medicines used by millions of people every day is about to plummet.
The next 14 months will bring generic versions of seven of the world’s 20 best-selling drugs, including the top two: cholesterol fighter Lipitor and blood thinner Plavix.
The magnitude of this