Wednesday, December 17th0.4°C
24124

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

24304


Recent Trending




Today's Market
S&P TSX14175.85+314.33
S&P CDNX657.29+14.94
DJIA17276.56207.69
Nasdaq4614.495+66.661
S&P 5001999.52+26.78
CDN Dollar0.8585-0.0014
Gold1194.70+0.7999
Oil57.26+1.33
Lumber334.10+1.90
Natural Gas3.695+0.076

 
Okanagan Companies
Pacific Safety0.11-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.25+0.02
Cantex0.03-0.005
Anavex Life Sciences0.18-0.01
Metalex Ventures0.0550.00
Russel Metals26.66+0.51
Copper Mountain Mining1.54+0.11
Colorado Resources0.115+0.005
ReliaBrand Inc0.0199+0.0065
Sunrise Resources Ltd0.055+0.005
Mission Ready Services0.22+0.02

 
24130




FEATURED Property
1914202779 Long Ridge Drive, Kelowna, BC
3 bedrooms 4 baths
$949,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Managing your sales team

Managing a sales team can be quite a challenge. Harnessing individual personality preferences and getting everyone focused on the same goals, moving at the same pace, and working in collaboration to d...


Working under the table

They say there are only two things that are certain in life: death and taxes. Not exactly an uplifting thought, but true nonetheless. Some people try to avoid paying tax by “working under the ta...


Housing prices to skyrocket?

As most of you know, this column was started with a focus on Okanagan real estate. Over time, more and more columnists started covering the real estate sphere and so it morphed in to a personal colum...

_



24111




Member of BC Press Council


23871