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Patent Exclusivity

Meaning

Patent Exclusivity is a legal and regulatory protection granted by a government to the inventor of a new drug, providing a temporary monopoly that legally prevents other manufacturers from producing, using, or selling the same drug product. This period of market protection, typically lasting 20 years from the patent filing date, is intended to incentivize the substantial financial investment required for pharmaceutical research and development. For patients, this exclusivity directly influences the initial market price and availability of innovative hormonal and peptide therapies.