Other companies are allowed to produce and market biosimilars and generic drugs when the original manufacturer is no longer protected by intellectual property rights. Other firms will be able to produce similar products to those protected by the patents, which means competition for the products will ensue.
How will the market structure (type of market) for Amgen’s product change after Amgen’s patents expire? Explain.
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Academic.Tips. (2023) 'How will the market structure (type of market) for Amgen's product change after Amgen's patents expire? Explain'. 12 March.
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Academic.Tips. (2023, March 12). How will the market structure (type of market) for Amgen's product change after Amgen's patents expire? Explain. https://academic.tips/question/how-will-the-market-structure-type-of-market-for-amgens-product-change-after-amgens-patents-expire-explain/
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Academic.Tips. 2023. "How will the market structure (type of market) for Amgen's product change after Amgen's patents expire? Explain." March 12, 2023. https://academic.tips/question/how-will-the-market-structure-type-of-market-for-amgens-product-change-after-amgens-patents-expire-explain/.
1. Academic.Tips. "How will the market structure (type of market) for Amgen's product change after Amgen's patents expire? Explain." March 12, 2023. https://academic.tips/question/how-will-the-market-structure-type-of-market-for-amgens-product-change-after-amgens-patents-expire-explain/.
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Academic.Tips. "How will the market structure (type of market) for Amgen's product change after Amgen's patents expire? Explain." March 12, 2023. https://academic.tips/question/how-will-the-market-structure-type-of-market-for-amgens-product-change-after-amgens-patents-expire-explain/.
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"How will the market structure (type of market) for Amgen's product change after Amgen's patents expire? Explain." Academic.Tips, 12 Mar. 2023, academic.tips/question/how-will-the-market-structure-type-of-market-for-amgens-product-change-after-amgens-patents-expire-explain/.
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