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Market Exclusivity

Meaning

Market Exclusivity is a form of regulatory protection granted by a government agency, such as the Food and Drug Administration (FDA), that prevents the approval or marketing of a competing drug, particularly a generic version, for a defined period. This status is awarded to a drug manufacturer upon the approval of a new pharmaceutical product, granting them a temporary monopoly on its sale. It is a critical factor in the economics of drug development and patient access.