Although bio-pharmaceutical firms frequently cite high research and development expenditures to justify extended patent protections on new therapies, recent regulatory audits reveal that over 60 percent of major drug approvals in the last decade relied primarily on foundational science funded by public research institutions. Consequently, extending private patent monopolies beyond current durations fails to incentivize genuine innovation. Because private investment focuses disproportionately on minor modifications of existing formulas rather than high-risk breakthroughs, policy makers should instead reallocate patent extensions toward firms that directly fund early-stage discovery.
In the argument given, which of the following statements functions as evidence directly offered to support the author's intermediate claim that extending private patent monopolies fails to incentivize genuine innovation?
- Over 60 percent of major drug approvals in the last decade relied primarily on foundational science funded by public research institutions.Answer
- BBio-pharmaceutical firms frequently cite high research and development expenditures to justify extended patent protections on new therapies.
- CExtending private patent monopolies beyond current durations fails to incentivize genuine innovation.
- DPolicy makers should reallocate patent extensions toward firms that directly fund early-stage discovery.
- EPublic research institutions receive insufficient funding from federal regulatory grants.