About My Health Careers Internship MedBlogs Contact us
Medindia LOGIN REGISTER
Advertisement

EUís Peter Mandelson Has Cautioned Against Thailands Drug Pricing

by VR Sreeraman on August 11, 2007 at 4:07 PM
Font : A-A+

EUís  Peter Mandelson Has Cautioned Against Thailands Drug Pricing

European Union Trade Commissioner Peter Mandelson has warned the Thai government against moves that would force drugmakers to drop their prices on expensive medication, the Financial Times reported on Friday.

In a letter seen by the business daily, Mandelson wrote that Thailand "may be taking a new approach to medicines," adding that the country's military government "stated that if drug companies wish to do business in Thailand, they should offer their drugs for no more than five percent above the generic cost."

Advertisement

"This approach is a matter of concern for the European Union and would be detrimental to the patent system, and so to innovation and the development of new medicines."

Thailand has clashed with Western governments in the past over threats to extend the use of compulsory licenses, which are allowed under World Trade Organisation (WTO) rules so that countries can temporarily suspend patent protections on medicines that safeguard public health.

Mandelson also reportedly wrote that Thailand's moves would be in breach of WTO regulations, and encouraged Bangkok to negotiate with drugmakers.

According to the FT, Thailand has yet to reply to the letter, which was written in July.

Source: AFP
LIN/J
Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
News Category
What's New on Medindia
Breast Cancer Awareness Month 2021 - It's time to RISE
First-Ever Successful Pig-To-Human Kidney Transplantation
World Osteoporosis Day 2021 -
View all

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.

More News on:
Drug Toxicity Iodine Deficiency Disorder Signature Drug Toxicity 

Recommended Reading
Drug Patent Compulsory Licensing
Ambiguous international rules outlining when and how governments may "break" ......
Drug Toxicity
Drug toxicity is an adverse reaction of the body towards a drug that results as a side effect of a d...
Iodine Deficiency Disorder
To control IDD, the ĎNational Goiter Control Program (NGCP)í was launched which was later renamed as...

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment. Full Disclaimer

© All Rights Reserved 1997 - 2021

This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use