Term: Patent

Glossary Definition

Last Updated: 2005-11-28

Definition:

A method of protecting the intangible asset generated through research processes. It creates a temporary, state-conferred monopoly over the sale of a product by prohibiting the unlicensed entry of competitors.

Related terms 

• Expenditures for Pharmaceuticals

References 

• Morgan SG, Kozyrskyj A, Metge C, Roos NP. Pharmaceuticals: Therapeutic interchange and pricing policies. Winnipeg, MB: Manitoba Centre for Health Policy, 2003. [Report] [Summary] (View)