Patent Services

Why Patents Matter

In many fields of technology, there are ongoing debates about how much patents matter in encouraging innovation – or about whether patents, even if they do create the intended incentives, do considerable damage by delaying wide access to highly valued goods and services. But, until recently, there has been little debate about the role of patents in pharmaceuticals. Even the Federal Trade Commission, which over the decades has taken its charge to maintain competition very seriously, has referred to innovation in the pharmaceutical industry as “showcase the patent system’s benefits.” As your partner in developing top quality dietary supplements, NSP, as dietary supplements manufacturer, offers vital product development services.

Why patent matter

Our custom manufacturing services are “best in class” with aggressively competitive pricing with quick to market turnaround times, making us the best supplement manufacturers. Our award-winning customer service department is second to none and further enhances our ability to provide you with the kind of quality product and attention you deserve.

The industry agrees: pharmaceutical executives rate patents as far more important to innovation than do representatives of any other tech-driven business. (Indeed, in the same surveys, software entrepreneurs report that patents create little to no incentive to innovate.)

The reasons for the longstanding primacy of patents in pharmaceuticals are traceable to the way most drugs are developed. Pharmaceuticals are among the costliest consumer products to bring to market, with companies often investing more than $1 billion before a new drug can launch. The process is extremely lengthy as well as expensive; after a potential therapeutic compound is identified, it typically takes more than a decade to be tested and to pass muster with the FDA.