IP laws (inc Trademarks) need to be scrapped, and this is point in case. 
First to market doesn't give you a right to exclude others who produce a similar or copied product. Market monoply is anti competition. That leads to higher prices, patent trolls, and more regulation. Open Markets is capitalism. 
A property right means you own something to the excision of others. If you make a wheel and own it, your neighbor can do the same. Their creation doesn't infringe on your ownership and exclusive use of your wheel. And they own their wheel.  A product by all reason and logic can't be a property right. 

IP is another cronyism hack on the free market that makes everyone poorer.