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The pharmaceutical industry argues that because new drugs

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The pharmaceutical industry argues that because new drugs [#permalink] New post 02 Aug 2011, 06:53
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82% (01:00) correct 18% (00:27) wrong based on 17 sessions
113. The pharmaceutical industry argues that because new drugs will not be developed unless heavy development costs can be recouped in later sales, the current 20 years of protection provided by patents should be extended in the case of newly developed drugs. However, in other industries new-product development continues despite high development costs, a fact that indicates that the extension in unnecessary.

which of the following, if true, most strongly supports the pharmaceutical industry's argument against the challenge made above.?

a) No industies other than the pharmaceutical industry have asked for an extension of the 20-year limit on patent protection.

b) Clinical trials of new drugs, which occur after the patent is granted and before the new drug can be marketed, often now take as long as 10 years to complete

c) There are several industries in which the ratio of research and development costs to revenues is higher than it is in the pharmaceutical industry

d) An existing patent for a drug does not legally prevent pharmaceutical companies from bringing to market alternative drugs, provided they are sufficiently dissimilar to the patented drug.

e) Much recent industrial innovation has occured in products -- for example, in the computer and electronics industries --- for which patent protection is often very ineffiective.
[Reveal] Spoiler: OA
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Re: A 12th OG problem, pls help to explain.(3) [#permalink] New post 02 Aug 2011, 11:39
Missing link : Current 20 years of protection is not sufficient for pharma industry. We need answer choice which strogly supports this.

a) - Out of scope

b) - Correct

c) - Neutral

d) - Out of scope

e) - Neutral
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Re: A 12th OG problem, pls help to explain.(3) [#permalink] New post 02 Aug 2011, 21:12
I just cannot understand this sentence " the current 20 years of protection provided by patents should be extended in the case of newly developed drugs. "

Or what role does this sentence play in the passage?

pviyatiwari wrote:
Missing link : Current 20 years of protection is not sufficient for pharma industry. We need answer choice which strogly supports this.

a) - Out of scope

b) - Correct

c) - Neutral

d) - Out of scope

e) - Neutral
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Re: A 12th OG problem, pls help to explain.(3) [#permalink] New post 02 Aug 2011, 21:13
does this sentence means that old products should be protected by the patent which should be extended in case of newly developed drugs appear?
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Re: A 12th OG problem, pls help to explain.(3) [#permalink] New post 02 Aug 2011, 21:38
tracyyahoo wrote:
I just cannot understand this sentence " the current 20 years of protection provided by patents should be extended in the case of newly developed drugs. "


Patents allow the holders to have exclusive rights on the drugs for 20 years. This means nobody else can produce the drugs in that period without permission/payment to the patent holder.

The sentence above states that this 20 year period should be increased.

Hope this helps.

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Re: A 12th OG problem, pls help to explain.(3) [#permalink] New post 02 Aug 2011, 22:11
+1 B,

This question was easy for me as am in a pharmaceutical company and know the drawbacks of the 20 years patent period, because the trials (phase 1, phase 2 and phase 3) themselves take around 10-12 years to complete.

Anyways, as per the question, the argument of the pharmaceutical industry is that the 20 year period is insufficient, and we just have to find a point favoring this idea. Only option B supports this line of thought , and hence the OA.
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Re: A 12th OG problem, pls help to explain.(3) [#permalink] New post 02 Aug 2011, 22:34
B ...straight forward

Posted from my mobile device Image
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Re: A 12th OG problem, pls help to explain.(3) [#permalink] New post 03 Aug 2011, 11:15
B
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Re: A 12th OG problem, pls help to explain.(3) [#permalink] New post 03 Aug 2011, 20:39
I still don't follow what does" Blar blar blar in case of newly drug means?" Does it mean the patent should protect this old drug from newly developed drug?


mayansd wrote:
+1 B,

This question was easy for me as am in a pharmaceutical company and know the drawbacks of the 20 years patent period, because the trials (phase 1, phase 2 and phase 3) themselves take around 10-12 years to complete.

Anyways, as per the question, the argument of the pharmaceutical industry is that the 20 year period is insufficient, and we just have to find a point favoring this idea. Only option B supports this line of thought , and hence the OA.
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Re: A 12th OG problem, pls help to explain.(3) [#permalink] New post 03 Aug 2011, 20:41
What you said is all I know. What does the current 20 years of protection provided by patents should be extended in the case of newly developed drugs mean? Why does it have something to do with the above passage?


crick20002002 wrote:
tracyyahoo wrote:
I just cannot understand this sentence " the current 20 years of protection provided by patents should be extended in the case of newly developed drugs. "


Patents allow the holders to have exclusive rights on the drugs for 20 years. This means nobody else can produce the drugs in that period without permission/payment to the patent holder.

The sentence above states that this 20 year period should be increased.

Hope this helps.

Crick
Re: A 12th OG problem, pls help to explain.(3)   [#permalink] 03 Aug 2011, 20:41
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