Category Patents/Designs/Trade Secrets

EU Anti-Counterfeiting Rapid Intelligence System: One Database For All Data On IPR Infringement

The European Union Intellectual Property Office (EUIPO) and the European Commission Trade Directorate recently launched a new intellectual property enforcement tool that aims to pool together all data relating to IP rights infringement experienced by EU companies into one database to help build prevention strategies. This is one of many new EU initiatives to counter growing IPR infringement and counterfeits.

Gilead’s Use Of Patents For $10B Tax Dodge Could Ignite Move For Policy Change

Gilead is the US company whose use of patents to charge $1000 per pill for a hepatitis C medicine in the United States helped make high drug prices a developed country household issue and fodder for elected officials seeking change. Now the company has come under further fire after being found to have moved some US$10 billion overseas to avoid US taxes - even after having received US taxpayer support for its activities - which it orchestrated by moving its patent rights overseas. A new report detailing the company's tax dodge includes a proposal for a way to clamp down on this type of patent activity.