Medindia

X

European Union to Support Pharmaceutical Access for Poorest Countries

by Bidita Debnath on  September 11, 2015 at 4:08 AM Drug News   - G J E 4
The European Commission, EU's executive body said that the European Union (EU) is proposing to grant the least developed countries indefinite exemption from World Trade Organization (WTO) intellectual property rules for pharmaceuticals.
 European Union to Support Pharmaceutical Access for Poorest Countries
European Union to Support Pharmaceutical Access for Poorest Countries
Advertisement

Allowing generic medicines to be imported and produced locally, even when licenses are not available, would give the poorest countries easier access to cheaper medicines, the European Commission said, Xinhua reported.

Advertisement
Thus, producers of generics and international programs can supply drugs like HIV treatment in affected countries without fear of patent infringement suits.

"Although patents stimulate innovation in developed and emerging economies, intellectual property rules should be a non-issue when the world's poorest are in need of treatment," European Commissioner for Trade Cecilia Malmstrom said in a statement.

The WTO has granted a time-limited exemption before to these countries, but the European commission believed that extending it indefinitely would give legal certainty for long-term supply as well as enhance local production of much-needed medicines.

"This exemption will give the least developed countries the necessary legal certainty to procure or to produce generic medicines," the commissioner said.

The proposal will be possible submitted to WTO's special Council on intellectual property in mid-October, after the 28 member states of the EU give their approvals.

Source: IANS
Advertisement

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
User Avatar
* Your comment can be maximum of 2500 characters
Notify me when reply is posted I agree to the terms and conditions

You May Also Like

Advertisement
View All

More News on: