Patents to Expire in next 5 years
This is the number of a company's patents that are set to expire within 5 years.
Patents protect the company's unique products from imitators, and thus protect the company's market hold and profits. However, when the patent expires, imitators are allowed to create similar, competing versions of the product. This is particularly true in the Pharma & Healthcare industry where companies manufacture cheaper, but chemically identical generic drugs to compete with the original drug.
Thus, if the company has a high number of patents set to expire soon, its profits will be eroded by the emergence of new competitors.