Medical Innovation Protection Stressed in EU-India Free Trade Agreement Talks
Released on: March 18, 2011, 1:57 pm
Author:
Mark Grayson/ Global Health Progress
Industry: Pharmaceuticals
The Financial Express published an article on the Free Trade
Agreement (FTA) talks that continue between the European Union (EU) and
India. One of the most discussed and disagreed upon parts of the
proposed FTA involves the need for protecting the intellectual property
of pharmaceutical companies in order to promote medical innovation and
investment in the development of new medicines and research. This
disagreement about whether data exclusivity in the pharmaceutical
sector should be included has resulted in the delay of finalizing the
FTA.
Pharmaceutical companies rely on data exclusivity to protect the investment made in
developing the medication that is used throughout the world. Millions of dollars are
spent on clinical trials to prove the safety and effectiveness of these drugs. These
exclusive rights prevent competitors from obtaining marketing licenses for lower
cost versions of these drugs.
Global Health Progress (GHP) is committed to being part of the effort to create a
sustainable health care system that includes improving access to health care and
continuing medical innovation and progress for all people. While the pharma industry
is divided on the issue, GHP supports efforts to improve regulations protecting
pharmaceutical companies’ intellectual property. Without this protection, the
funding of studies that bring these medications to market could suffer.
Improving health care systems and access to medicines, especially in the developing
world, requires multifaceted approaches and solutions. Research-based
biopharmaceutical companies are active partners in some of the largest and boldest
health initiatives that explore new and effective ways to provide treatment, care
and education to millions of people in developing countries.
About Global Health Progress:
Global Health Progress also supports efforts to raise awareness and mobilize
resources to address health challenges in the developing world by bringing local
leaders together with international health experts, policymakers, donor governments,
and the private sector. www.globalhealthprogress.org; twitter.com/globalhealth;
facebook.com/pages/Global-Health-Progress/124850684219049;
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To stay informed on the latest news about global investment in pharmaceutical R&D
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Contact Details: Mark Grayson
Global Health Progress
950 F Street, NW
Suite 300
Washington, DC 20004
Phone 202.835.3400
MGrayson@phrma.org
http://www.globalhealthprogress.org
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