What is patent in medical term?

Pfizer's Long-Term Strategy: A Possible Breakup  February 18, 2013 – 04:15 pm
Patent medicine is the term By Peter Geschek:

Pfizer (PFE), the world's largest drugmaker, may consider dividing its branded medicines and generic product units into separate businesses, CEO Ian Read said recently.

This is part of a strategy of slimming down the company. Having already divested the animal health and infant nutrition units, Read still faces a stock that trades for a lower price-to-earnings ratio than almost eighty percent of similar-sized peers.

Structure

Pfizer has four business units: cancer care, primary care, specialty drugs, and so-called established products, which are medicines that have lost patent protection and are sold against generics.

Geno Germano, president of the company's specialty care and oncology businesses, told Bloomberg News in a January interview that Pfizer's four drug units are probably going to evolve to two, the innovative business (new drugs) and the value business (generics).

The relative share of the two segments is estimated for 2013 at

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Source: SeekingAlpha.com: Home Page

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