Friday, October 24th0.5°C
23711
23372

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

23901


Recent Trending




Today's Market
S&P TSX14486.83+174.76
S&P CDNX808.600.60
DJIA16677.90216.58
Nasdaq4452.792+69.945
S&P 5001950.82+23.71
CDN Dollar0.8917+0.0013
Gold1232.20+3.10
Oil81.03-0.72
Lumber334.10+4.50
Natural Gas3.586-0.036

 
Okanagan Companies
Pacific Safety0.11-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.17+0.02
Cantex0.0550.00
Anavex Life Sciences0.1980.00
Metalex Ventures0.04-0.01
Russel Metals33.16+0.63
Copper Mountain Mining2.08-0.02
Colorado Resources0.14-0.005
ReliaBrand Inc0.013+0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.41+0.005

 



22625

FEATURED Property
21142445736 Highway 97
3 bedrooms 1 baths
$135,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...

_








Member of BC Press Council


22632