Monday, October 5th1.1°C

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

Recent Trending

Today's Market
S&P TSX13466.13+126.39
S&P CDNX528.02+2.46
S&P 5001977.46+26.10
CDN Dollar0.7635+0.0033
Natural Gas2.469+0.018

Okanagan Companies
Pacific Safety0.22+0.00
QHR Technologies Inc1.19+0.01
Metalex Ventures0.06+0.00
Russel Metals22.04+0.56
Copper Mountain Mining0.455+0.035
Colorado Resources0.08+0.01
ReliaBrand Inc0.004-0.000
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.095+0.005
Decisive Dividend Corp3.67+0.18
Diamcor Mining0.90+0.02


2284515#100 539 Yates Road, Kelowna, V1V 2T8
1 baths
more details
Click here to feature your property
Please wait... loading

Perfect (reno’d) home

Photo: Thinkstock.comHow many times have you found a home in the perfect location, but it needs too much work as per the home inspection? There is a great program available through most lenders that w...

Living beyond 100

Photo: ContributedThere was a time most careers involved an apprenticeship of one sort another. Some official, others involving years of servitude, and others time simply spent watching and emulating ...

5 Claim misconceptions

Photo: Thinkstock.comIf you have been hurt in an accident or as a result of medical negligence you will likely look to your friends and family for some advice on how to deal with the situation. These ...




Member of BC Press Council