product patent, n.Definitions

A Product patent (n.) forbids ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠anyone to find a smarter, cheaper way to make the same drug — a blow against efficiency dressed as free trade.

A Product patent (n.) is ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠why Switzerland has a chemical industry: France had them, and its chemical companies fled the barrier to innovation.