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Limiting new drug patent term extensions would be beneficial

By Lee, Jeong-Hwan | translator Alice Kang

24.11.25 05:43:17

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The domestic pharmaceutical industry's attention is focused on whether the proposed amendment to the Patent Act, which would limit the drug patent term to 14 years and stipulate the number of patent rights that can be extended to one (singular), will pass the Bill Review Subcommittee of the National Assembly's Standing Committee review.

The proposed amendment to the bill aims to address the issue of how pharmaceutical companies with new drugs have been operating a de facto ¡°market monopoly¡± on new drug patents by 'overlapping' the patent term extension system, delaying the timing of generic launches, infringing on the public's right to choose medicines, and causing losses to health insurance finance

Lee, Jeong-Hwan(junghwanss@dailypharm.com)
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