> How about go the other way? Make the patent term much longer, but add a compulsory licensing system that allows anyone to make and sell the drug if they pay a royalty at a rate set by regulation.
Who sets the rate then? Regulation means government, which will be massively lobbied for increasing licensing fees in the favor of the industry. If you want to shake things a little better to massively decrease the patent period instead, since it makes everything way too slow.
Who sets the rate then? Regulation means government, which will be massively lobbied for increasing licensing fees in the favor of the industry. If you want to shake things a little better to massively decrease the patent period instead, since it makes everything way too slow.