Drug Patent
/ˈdrʌɡ ˈpætənt/
Definitions
- (n.) A government-granted exclusive right to manufacture, use, and sell a new pharmaceutical drug for a limited period, protecting the inventor's investment in research and development.
The pharmaceutical company secured a drug patent to prevent competitors from producing the same medication for 20 years.
Forms
- drug patent
- drug patents
Related terms
See also
Commentary
Drug patents often involve specific regulatory considerations distinct from other patents, such as linkage to FDA approvals and exclusivity periods separate from patent terms.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.