Saturday, July 4th17.2°C
26932

Canada turns up on U.S. naughty list over rules governing drug patents

WASHINGTON - The U.S. government has tossed a brickbat Canada's way over its drug-patent rules.

In its annual report on intellectual property rights around the world, the American administration expresses "serious concern" that it's too easy for courts to strike down pharmaceutical patents.

That makes Canada the only G7 country among the 26 on the so-called "watch list."

Another 10 countries are listed on the more serious "priority watch list," starting with China, India and Russia.

Canada actually spent four years on that top-priority list, but improved its standing in 2013 following a pair of moves by the Harper government including the Copyright Modernization Act targeting Internet piracy.

This year's report says Canadian court decisions have cost American drug makers — and it hopes the issue is resolved in upcoming negotiations toward trade talks in the 12-country Trans Pacific Partnership.

The Canadian Press


Read more Business News

25354


Recent Trending




Today's Market
S&P TSX14682.39+44.40
S&P CDNX670.58-1.00
DJIA17730.11-27.80
Nasdaq5009.21-3.91
S&P 5002076.78-0.64
CDN Dollar0.7955-0.0018
Gold1167.10+4.10
Oil56.20-1.41
Lumber288.50+0.40
Natural Gas2.77-0.05

 
Okanagan Companies
Pacific Safety0.17+0.00
Knighthawk0.010.00
QHR Technologies Inc1.52-0.03
Cantex0.035-0.015
Anavex Life Sciences0.455+0.004
Metalex Ventures0.075+0.010
Russel Metals22.78-0.09
Copper Mountain Mining1.17+0.03
Colorado Resources0.09+0.03
ReliaBrand Inc0.006+0.000
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.165+0.005
Decisive Dividend Corporation3.00+0.50

 





FEATURED Property
2350499#149 1050 Springfield Road
3 bedrooms 3 baths
$285,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Active listening

Has this ever happened to you? You had an initial meeting with a prospect. You asked that prospect what seemed to be all the right questions. You had what felt to you like a good conversation, and bas...


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...


TFSA strategies

Photo: Thinkstock.comThe federal government has increased the annual contribution limit of Tax-Free Savings Accounts (TFSA) to $10,000. Going forward, the annual limit will no longer be indexed to inf...

_





26370


Member of BC Press Council


26906