Friday, October 31st8.3°C
21625
22501

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

23511


Recent Trending




Today's Market
S&P TSX14458.69-68.88
S&P CDNX771.65-9.42
DJIA17340.81145.39
Nasdaq4627.748+61.61
S&P 5002013.18+18.53
CDN Dollar0.8869-0.0065
Gold1163.40-35.20
Oil79.51-1.39
Lumber322.40-1.20
Natural Gas3.715+0.066

 
Okanagan Companies
Pacific Safety0.11+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.150.00
Cantex0.045-0.015
Anavex Life Sciences0.1711-0.0089
Metalex Ventures0.0350.00
Russel Metals32.22-0.35
Copper Mountain Mining1.97-0.05
Colorado Resources0.14+0.005
ReliaBrand Inc0.012-0.004
Sunrise Resources Ltd0.05+0.025
Mission Ready Services0.375+0.005

 





FEATURED Property
21018381145 Felix Road
3 bedrooms 2 baths
$394,495
more details
image2image2image2
Click here to feature your property
Please wait... loading


Empty nesting: financial issues

Now that the children have ‘left the nest’, it is a good time to step back and take stock of your financial situation. Being on your own will probably cut household costs to some extent, b...


Keep your haunted home safe

Eerie sounds, spooky lights and Jack-o’-lanterns aglow—extra efforts at Halloween will keep visitors coming back for both tricks and treats. However, to keep the fun going, it’s imp...


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...

_








Member of BC Press Council


23091