GW Law Student Bar Association
First generic only results in 5% reduction in price, second 50%, 6th 25%, can reach 10% or lower Development of pioneer drug takes 15 years, 1.5 billion; generic 3-5 years at 500k cost. Questionable whether pioneer drug industry can sustain current level of research and development when the average patent life is only 11-12 years ................
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