Canada's federal Industry Minister, Brian Tobin, has said he iscommitted to a review of the country's controversial Patent Act in the third quarter of this year.
When in opposition, Mr Tobin had been fiercely critical of the passage of the legislation, known as Bill C-22, which gives innovative pharmaceutical companies 20 years' patent exclusivity on their products (Marketletters passim), and had claimed that its passage would "suck the life's blood out of Canada's poorer citizens."
However, he now says his fears have not been borne out and that the regime has worked, noting that prescription drug prices in Canada are on average around 40% less than those in the USA. Nevertheless, Mr Tobin also says that there have been "many requests for all kinds of changes" to the law, and he believes that there is room in the legislation for improvement.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze