Did patents create monopoly power for Amgen? Explain. What was expected to happen after Amgen’s patents expired? Explain.

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Yes, patents created monopoly power for Amgen because the company was initially an innovator. It was involved in research and development that targeted chronic illnesses and had a wide variety of products in the pipeline.

After the expiration of Amgen’s patents, competitors would be able to produce identical drugs to those produced by Amgen. Amgen, in this case, had produced the reference-listed drug, and the other pharmaceutical companies produced biosimilars and generic drugs. Production of generic drugs and biosimilars meant that competition would increase.

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Academic.Tips. (2023) 'Did patents create monopoly power for Amgen? Explain. What was expected to happen after Amgen's patents expired? Explain'. 12 March.

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Academic.Tips. (2023, March 12). Did patents create monopoly power for Amgen? Explain. What was expected to happen after Amgen's patents expired? Explain. https://academic.tips/question/did-patents-create-monopoly-power-for-amgen-explain-what-was-expected-to-happen-after-amgens-patents-expired-explain/

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Academic.Tips. 2023. "Did patents create monopoly power for Amgen? Explain. What was expected to happen after Amgen's patents expired? Explain." March 12, 2023. https://academic.tips/question/did-patents-create-monopoly-power-for-amgen-explain-what-was-expected-to-happen-after-amgens-patents-expired-explain/.

1. Academic.Tips. "Did patents create monopoly power for Amgen? Explain. What was expected to happen after Amgen's patents expired? Explain." March 12, 2023. https://academic.tips/question/did-patents-create-monopoly-power-for-amgen-explain-what-was-expected-to-happen-after-amgens-patents-expired-explain/.

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Academic.Tips. "Did patents create monopoly power for Amgen? Explain. What was expected to happen after Amgen's patents expired? Explain." March 12, 2023. https://academic.tips/question/did-patents-create-monopoly-power-for-amgen-explain-what-was-expected-to-happen-after-amgens-patents-expired-explain/.

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"Did patents create monopoly power for Amgen? Explain. What was expected to happen after Amgen's patents expired? Explain." Academic.Tips, 12 Mar. 2023, academic.tips/question/did-patents-create-monopoly-power-for-amgen-explain-what-was-expected-to-happen-after-amgens-patents-expired-explain/.

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