Robert Wessman: the case for patent reform

23 August 2023

An Expert View from Róbert Wessman, founder and chairman of Icelandic biosimilars company Alvotech (Nasdaq: ALVO) and investment fund Aztiq.

Making the case for change

The purpose of an appropriately balanced intellectual property (IP) system is to incentivize innovation and increase economic growth. Unfortunately, some pharma companies spend significant resources on manipulating the IP enforcement system to improperly extend expiring monopolies. They exploit unintended or unforeseen ambiguities in the law to crush competition rather than to protect innovation.

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