Patent Dimensions in the Development and Production of COVID-19 Vaccines

Patent Dimensions in the Development and Production of COVID-19 Vaccines

Blog Article

Abstract The process in which COVID-19 vaccines are developed is sequential and continuously accumulating.On the one hand, comprehensive patent protection is a necessary means to promote research and development.It yields additional returns that pay for the occasionally substantial amounts in R&D expenses.On wx gloves the other hand, patents can be harmful in a sequential development process as they teal horse blanket monopolise knowledge that might become a basis for further research.

Economic policy cannot resolve this dilemma, but the various dimensions of a patent system can provide a starting point in mitigating a trade-off.