How does a Pharmaceutical company work?

A branded drug is a patented drug. A 𝐩𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐜𝐨𝐦𝐩𝐚𝐧𝐲 must file for a patent to sell the drug exclusively. A company is awarded a license for 20 years to recoup research and development expenses incurred during the development of a drug.

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