[citation][nom]velocityg4[/nom]Given that the patent system was not supposed to inhibit the progress of tech and new ideas they have a lifespan of 14 to 20 years. This was conceived when technology moved at a much slower pace. To modernize for tech patents the lifespan should be 1 to 2 years. Given that everything evolves so quickly otherwise they get in the way of progress.Also for tech patents they should have random panels of nerds to decide whether something actually is new and innovative or something that is already around. It seems a lot of patents get awarded on designs or interfaces that have been around for years or even decades.[/citation]
That would completely wipe out R&D in the pharmaceutical industry.
When a new drug is developed, you have to patent it quickly. But clinical trials, which are necessary before the drug can be sold, take nearly 10 years to complete, and even getting to the clinical trials takes years. So what's the point of a patent that only lasts 1 or 2 years then?