Category Finance

CSIS Report Finds Tech, Innovation Partnership Opportunities In Developing Countries

"There are clear opportunities to accelerate and expand opportunity through innovation and technology around the world," finds a new report from the Washington, DC-based Center for Strategic and International Studies (CSIS). And the United States - and any other developed country - would do well to position itself as a "partner of choice for developing countries that want to transform their economies through science, technology and innovation," it said. But strong intellectual property rights and a business-friendly environment are a necessity, it argues.

Malaysia Inclusion In Gilead Voluntary Licence – A Product Of Compulsory Licence Pressure

Fifa Rahman

Gilead’s announcement today that they would include four middle-income countries (Malaysia, Thailand, Belarus, Ukraine) in their sofosbuvir voluntary licence was a welcome surprise, and will enable millions access to their highly effective, but exorbitantly priced, drug. The decision to include these countries, however, no doubt is a response to increasing pressure from within these countries to either issue a compulsory licence (CL) or a government use licence (GUL), invalidate the sofosbuvir patents, or block data exclusivity for the drug.

Report From WHO Fair Pricing Meeting Shows Balanced Discussion

A wide range of governments and stakeholders attended a closed meeting in the Netherlands in May to address the ongoing problem of pricing medicines to pay for research and the resulting lack of affordability of those medicines. The report from the World Health Organization-led meeting shows a range of points were made by participants and signals a move to change the global policy.

Companies Prefer Trade Secrets To Patents To Protect Innovation, EUIPO Finds

“Despite their economic importance, and in particular their role in protecting returns from innovation, trade secrets are poorly studied and their relationship with patents is often misinterpreted,” the EU Intellectual Property Office (EUIPO) said in a study published this month. It used a survey of around 200,000 companies in Europe's manufacturing and service industries to determine what factors influenced their choice between patents and trade secrets, as well as their overall use of both mechanisms. The results could help policy-makers, the Office said. It also holds out opportunities for innovative lawyers and intellectual property firms, said one IP management consultant.

The Case For Nations To Act On Medicines Access

NEW YORK -- A range of speakers, including top health officials from both a developed and developing country, last week laid out the case for why the world’s leaders must now launch a shift in the way medicines all populations need are developed and priced. The need for global collaboration is clear, speakers said, but who will lead?

WHO Prequalifies First Generic Hepatitis C Drug And First HIV Self-Test

In the days before this month's AIDS conference being held in Paris, the World Health Organization has announced the prequalification of the first generic version of sofosbuvir, a "critical" medicine for treating hepatitis C. Treatment for hepatitis C under patent has been notoriously priced at extreme high levels, putting it out of reach of patients in economies of all sizes.

Six Inconvenient Truths About NAFTA Renegotiations

The renegotiation of the North American Free Trade Agreement’s (NAFTA’s) standards on patents is not good news for Canada. Any give by Canada will be costly not only to our health care system, but also to Canadian innovators, write Jean-Frédéric Morin and Richard Gold.

WIPO Moves Slowly On Reduction In Compensation For Geneva-Based Staff

Earlier this year, the United Nations International Civil Service Commission called for a decrease in the compensation for the high cost of living for staff of Geneva-based United Nations agencies. At the World Intellectual Property Organization Program and Budget Committee last week, some countries asked why the decision was not reflected in the draft budget for 2018/2019. WIPO replied that discussions on the decision are ongoing among various agencies.

WIPO Proposes 10 Percent Cut In Governments’ Annual Contributions

The World Intellectual Property Organization has proposed a 10 percent reduction in the contributions its member states make to the UN agency. The proposal, which met with some unanswered questions from WIPO member states at a committee meeting last week, is said to reflect the agency’s robust finances and will be taken up again in September. The move would shrink government contributions to WIPO’s overall budget to less than 5 percent of its total revenues.

Member states’ first reading of the proposed budget by WIPO for 2018/2019 also led to some amendments in programmes, notably new indicators of progress.