IP Explained: By the Numbers: How reliable IP protections promote a strong U.S. economy

The U.S. biopharmaceutical industry depends on predictable and reliable intellectual property (IP) protections, including patents, to maintain its role as the global leader in biopharmaceutical innovation. While these strong IP protections promote innovation and pave the way for the research and development (R&D) of new medicines for patients, they also have a tremendous impact on the U.S. economy. In fact, last yearPhRMA member companies invested a record-setting $79.6 billion in R&D– driving unprecedented advancements to find new treatments and cures for patients.
Source: The Catalyst - Category: Pharmaceuticals Authors: Tags: Research and Development Economic Impact Intellectual Property Research and Investment IP Explained Source Type: news