What are the implications of generics for drug patent holders?

The implications of generics for drug patent holders in New Mexico are that the patent holders may face decreased profits and market share. Generic drugs are copies of original name-brand drugs that are available at a much lower cost. This means that people may be more likely to purchase generic drugs, instead of the more expensive name-brand drugs that the patent holders own the patent for. This can lead to a decrease in profits and market share for the patent holders. In addition, patent holders may face difficulties when trying to renew their patent. Patent laws allow patent holders to keep exclusive rights to their invention for a certain amount of time. However, when generics become available, the patent holders may have difficulty renewing their patent due to the availability of cheaper alternatives. Therefore, generics can sometimes pose a challenge to patent holders looking to extend their patent. Finally, generic drugs may also have a negative effect on research and development of new drugs. Patent holders of new drugs benefit from profits which often go back into research and development of new drugs. However, with generics available, less money might be generated from sales, thus reducing the resources available for research and development. This can have a negative effect on the advancement of new drugs and treatments.

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What are the implications of generics for drug patent holders?

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