Patent cliffs... how do you feel about this and what do you think this means for the future of the industry and the people who work there if the patents are dropping off faster than they can be replaced?

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It means very little IMO. Pharma will either get patents to extend exclusivity or just simply drop their price to compete. And FWIW, for the biologics, it isn’t always as easy as you think to make a bio similar and it’s not as “cheap” as you think it will be. Add to that the games PBMs play (you want new drug x on your formulary, well originator drug has to stay and you can’t have a bio similar of my drug on your formulary).

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It feels like a challenging shift. It might push companies to collaborate more or find new ways to innovate, but in the short term, it could create turbulence for everyone involved.

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