How Pharmaceutical Patents Make Drugs Expensive

Patents are crucial to the pharmaceutical industry. In this video, Patrick Kelly tells the story of patents in American medicine and will answer some questions along the way. Like what is a drug patent? What is evergreening? How does a patent affect drug prices? And do patents actually incentivize innovation? ☠️NONE OF THE INFORMATION IN THIS VIDEO SHOULD BE USED AS MEDICAL ADVICE OR OPINION. IT IS FOR GENERAL EDUCATION AND ENTERTAINMENT☠️ 🔗 L I N K S 🔗 📱Instagram:   / patkellyteaches   🐦Twitter:   / patkellyteaches   💰Patreon:   / corporis   🔬Old channel:    / corporis   📚My favorite books https://docs.google.com/document/d/1w... 🔑 P A T R O N S 🔑 Oxytocin Tier: Mike W | Joanne K | Jim C Jr. | Jody O | Paul R | Daphne P Growth Hormone Tier: Dane M | Brendan P | Brandon K | Richardion G | Joe B | Mindi F | Sal F | Michael G | Brian B | Eileen H | Waffles the Dog | Brian T | Brian H | Michael R | Karen S | Sarah B | Robin B | Jacob S | Hyeon-S | Pranav M | Paul | Lucy Fur | huynhy | elnombre91 | Alcedo | Magmania | Josef K | Kyle K | Dab Brills | Robert M | Kristal C | Unsalted Pecan | Jiggs | TierZoo | Skasi | Jane G | Jack M | Hailey H | Matthew B | Michelle J | Helena SB | Eric L | Marshall K | David S | Ryne CJ | Radomir K | Kilian | Dean M | Ben | Cody S | Michelle L | Joseph G | Aryan Y | GD Annin | Vic K | Becca S | StealthyInk | Jesse B | Aleksander F | gidoo 📜 S O U R C E S 📜 Medical Monopoly by Joseph M. Gabriel (super in depth book on the topic!) https://amzn.to/3Ak8VqL WHO bedaquiline patent summary (2014) https://unitaid.org/assets/TMC_207_Pa... How pharmaceuticals became patentable: the production and appropriation of drugs in the twentieth century (2008) https://www.tandfonline.com/doi/full/... Pharmaceutical patenting and the transformation of American medical ethics (2016) https://www.jstor.org/stable/26350752 Patent Medicines from MHAH https://americanhistory.si.edu/collec... FDA and Clinical Drug Trials: A Short History (2008) https://www.fda.gov/media/110437/down... Congress Report: Patent Law and Its Application to the Pharmaceutical Industry https://www.ipmall.info/sites/default... Strategic Patenting by Pharmaceutical Companies (2020) https://www.ncbi.nlm.nih.gov/pmc/arti... Patents, Trade, and Medicines: Past, Present, and Future (2018) https://eprints.lse.ac.uk/100032/1/Sh... USPTO Patent Explainer (2014) https://www.uspto.gov/sites/default/f... 💻 C O N T A C T 💻 patkellyteaches [at] gmail.com ⌛T I M E S T A M P S ⌛ 0:00 intro 1:04 What are patents? 3:32 What are patent medicines? 18:11 the Modern Pharma Patent System 18:32 What are generic drugs? 21:41 The Kefauver-Harris Amendments (1962) 27:10 Hatch Waxman (1984) 31:14 What is evergreening? 34:42 What was the TRIPS agreement? 39:45 Do Patents Incentivize innovation? #historyofmedicine #medicalhistory