Parallel Trade in Pharmaceuticals - - By Jacob Arfwedson PDF Download

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Languages : en
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16 One of the underlying objectives of TRIPS is that it "should contribute to the promotion of technological innovation and to the transfer and dissemination of technology, to the mutual advantage of producers and users of technological knowledge and in a manner conducive to social and economic welfare, and to a balance of rights and obligations" (Art. [...] public safety The discussion on the price of new medicines frequently overlooks the regulatory impact, however, a large part of the final cost may be attributed to the number and length of compulsory clinical tests, as well as to the relative efficiency of the authorities in charge of approving new drugs. [...] The European Union In the EU, the legal foundation of parallel trade (or parallel distribution) is found in Articles 30 and 36 of the Treaty of Rome, which authorise the free movement of goods and confer the right to control the import of goods by national governments, provided the products are not harmful or pose a threat to the public. [...] Indeed, in the case of certain products the original manufacturer has lost almost all of its domestic sales due to parallel imports.69 This may have far-reaching consequences for the employees in the concerned company, as pointed out in the IHE survey: when most of the sales are represented by re-imports, employees lose the incentive to market and provide information about the product as the benef. [...] The report identifies four major problems that confirm the importance of the issues already discussed above: 1 - in view of the illnesses involved, the threats of re-imports will be greater for the products not covered by the EU regulation; therefore, the provisions may aggravate the problems it aims at solving; 2 - the countries in the draft regulation, e.g.