The great 2012 patent cliff is about the eight drug major drug patents expiring in 2012.
This means they can made as generics (not branded) by other companies, meaning much cheaper drugs for everyone, and much less money for a few big companies.
This in turn will result in some people losing their jobs, even while new jobs are created at the generic manufacturers.
Are these jobs more important then cheaper drugs for everyone else? Who is affected most by the drugs involved?
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The drugs going off patent in 2012- http://bit.ly/Prb054
Generic drugs accounted for 78% of all drug sales - http://n.pr/SIteNx
The cost of a generic drug is 80 to 85 percent lower - http://1.usa.gov/RbHZuL
2010 total drug sales were $307B - http://bit.ly/SeCJIe
In 2010 FDA-approved generics drugs saved $158 billion - http://1.usa.gov/RbHZuL