Category Finance

UAEM: In ‘Historic” Shift, Universities In Canada Adopt Licensing Promoting Access To Medicines

Universities Allied for Essential Medicines (UAEM) announced today that University of Calgary and McGill University are joining University of British Columbia in adopting Global Access Licensing Principles. These principles promote public access to publicly-funded medicines and life-saving health technologies developed in universities, according to a UAEM press release [pdf].

UN International Telecommunication Union Re-Elects Leadership For Another Four Years

Houlin Chao of China has been re-elected secretary-general of the UN International Telecommunication Union (ITU) in Geneva, with Malcolm Johnson of the United Kingdom re-elected as deputy secretary-general. Chao ran unopposed and received 176 votes, while Johnson defeated an opponent by garnering 113 votes. And in one of several other posts, ITU hailed the election of the first woman to a leadership position in the agency's 153-year history.

US Releases New Medicare Drug Plan To “Pay The Prices Other Countries Pay”

The United States Department of Health and Human Services has released a new plan intended to reduce drug prices for some patients on Medicare, based on an international pricing index model. In his announcement of the plan, President Trump said the US would save money “for our seniors by paying the prices other countries pay. Nothing special, just the prices that other countries pay.”

Investing In New Antibiotic Research: Difficult Equation Discussed At World Investment Forum

The diminishing arsenal of efficient antibiotics to fight bacteria is a threat denounced by many, but investment in research and development of new antibiotics is seen as lagging. As the danger of getting back to a pre-antibiotic age is increasing, alternative ways of financing new antibiotics are being discussed. At the World Investment Forum this week, a panel looked into innovative means of investment, and ways to attract private investors to this field.

World Health Summit Berlin: New Global Action Plan; Gates And Merkel To Open Global Challenges

BERLIN -- Ten years after establishing the Berlin World Health Summit, the M8 alliance of medical institutes around the globe sees some noticeable progress in political commitment to the health agenda. “Gifts” presented at the opening ceremony yesterday in the German capital include the announcement of German Health Minister Jens Spahn to establish a Hub for Global Health and step up its financial contributions to the World Health Organization (WHO) to 115 million euros over the next four years. The three-day summit also will receive a global action plan to catch up with the United Nations Sustainable Development Goal (SDG) 3 on health and well-being for all.

US Music Modernization Act Becomes “The Law Of The Land”; A Boost For Songwriter Compensation

The Music Modernization Act, legislation that will transform the music licensing framework in the United States, was signed into law by President Donald Trump during a ceremony at the White House on 11 October that included several artists such as Sam Moore from Sam & Dave, Kid Rock, Mike Love of the Beach Boys and Jeff Baxter of the Doobie Brothers and Steely Dan, among others.

IP Rights Increasingly Traded In New Digital Age, WTO Panel, Report Say

The digital revolution has transformed the way trade is taking place. The share of goods like CDs, books and newspaper is dropping in terms of global trade volume, pushed down by digital goods. In that context, intellectual property rights are also increasingly traded, in particular IP licences, in what a World Trade Organization official defined as a major phenomenon. While the United States is the leader in the digital market, China took pole position in video games in 2017.