How Do Utility Patents Affect Global Cancer Treatment?
The impact of utility patents on global cancer treatment is significant. While patents provide financial incentives for innovation in developed countries, they can also create disparities in access to cancer treatments in low-income regions. The World Trade Organization's TRIPS Agreement allows for some flexibility, such as compulsory licensing, which can help improve access to essential medicines in developing countries. However, balancing the protection of intellectual property with the need for affordable healthcare remains a complex challenge.
