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Why are drug prices so high? Investigating the outdated US patent system | Priti Krishtel

Why are drug prices so high? Investigating the outdated US patent system | Priti Krishtel

FromTED Talks Science and Medicine


Why are drug prices so high? Investigating the outdated US patent system | Priti Krishtel

FromTED Talks Science and Medicine

ratings:
Length:
13 minutes
Released:
Jan 16, 2020
Format:
Podcast episode

Description

Between 2006 and 2016, the number of drug patents granted in the United States doubled -- but not because there was an explosion in invention or innovation. Drug companies have learned how to game the system, accumulating patents not for new medicines but for small changes to existing ones, which allows them to build monopolies, block competition and drive prices up. Health justice lawyer Priti Krishtel sheds light on how we've lost sight of the patent system's original intent -- and offers five reforms for a redesign that would serve the public and save lives.
Released:
Jan 16, 2020
Format:
Podcast episode

Titles in the series (100)

Some of the world's greatest scientists, doctors and medical researchers share their discoveries and visions onstage at the TED conference, TEDx events and partner events around the world. You can also download these and many other videos free on TED.com, with an interactive English transcript and subtitles in up to 80 languages. TED is a nonprofit devoted to Ideas Worth Spreading.