Pharmaceutical Licensing

Pharmaceutical licensing is a legal agreement where one company (the licensor) allows another company (the licensee) to use its patented drugs or technologies. This arrangement can involve giving permission to manufacture, sell, or distribute a medication in specific territories. Licensing helps companies expand their market reach without the high costs of developing new drugs from scratch. It also enables knowledge and resources to be shared, which can accelerate innovation and improve access to medicines. Both parties benefit financially through royalties or sales profits, while regulatory compliance ensures that safety and quality standards are maintained.