IP Information

Drug companies should drop their patents and collaborate to fight coronavirus

  • KAIST IP Minor
  • 날짜 2021.01.25
  • 조회수 300
As the coronavirus pandemic continues to claim victims around the world, the race is on to produce the right medicines to fight it. This includes developing a vaccine to stop people from falling ill in the first place, testing kits and drugs to treat those that fall ill with COVID-19.
In normal times, most pharmaceutical companies would not naturally collaborate in these endeavours. Developing new drugs requires huge amounts of investment. Drug companies seek and enforce patents to protect these investments, which give them a monopoly on drugs they develop. During this time, they can charge high prices for these medicines.

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