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patent period

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia 0.01 sec.
patent period [′pat·ənt ‚pir·ē·əd]
(medicine)
The period of an infective disease during which the causative agent can be detected.


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In other words, patents restrict entry of homogeneous (identical) products during the patent period.
Drugs developed and patented by any pharmaceutical company can be produced generically by other competent companies once the patent period ends.
Because patent applicants must fully disclose their invention in the application, patents are generally considered to encourage more research and investment in new methods and processes aimed at further developing the invention after its patent period expires.
 
 
 
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