We need to ensure that pharmaceutical companies that invest smartly in new research are able to survive not by getting lucky but by having a diversified drug portfolio and sufficient continued revenue from past successes. By driving down profits, competition can decrease innovation by diminishing potential rewards. Policymakers should be wary of adverse side effects when sacrificing pharmaceutical profits for consumer welfare.
IPRs and Access to Medicines: New Evidence
Those in the global health community often allege that prices of new innovative drugs under patent make them unaffordable to most people in developing countries because of the absence of generic competition. A new report, however, finds good news about the relationship between IPRs and access to innovative medicines.
Landmark Trade Deal at Risk without Strong Intellectual Property Laws
The ambitious goal of creating a next-generation trade agreement through the completion of the Trans-Pacific Partnership, which aligns America with 11 of its trading partners across the Pacific region, is at risk of failing if negotiators cave in to pressures to strip it of strong intellectual property protections.
The Best Search Results are the Legal Ones
Most notable in its How Google Fights Piracy Report are the three ways Google has reformed search over the last year: demoting sites with many DMCA takedown notices, removing piracy-related autocomplete terms, and ad formats.
Leaked TPP IP Chapter Much Ado About Nothing
Despite scandalous trumpeting by those who wish to sow fear, doubt, and uncertainty regarding the Trans-Pacific Partnership, “revelations” that have been claimed to be uncovered in a leaked version of the agreement’s IP chapter are either downright unfounded or significantly overblown.
Separating Fact from Fiction in the TPP
As the negotiators for the Trans Pacific Partnership convene in Australia this weekend, it would behoove them to take a moment to separate fact from fiction before discussing the agreement's intellectual property chapter. IP is integral to a growing share of industries in the TPP economies, from agriculture to information technology to biomedicine. Failure to recognize these facts within a trade deal as monumental and revolutionary as the TPP could be devastating for not only the participating countries but also for the prospects of continued global innovation writ large.
The Creative Cost of Piracy
Condoning piracy has a steep price. Countries that score higher on intellectual property (IP) protection also score higher on creative outputs relative to the size of their economy. Over a sample of 136 countries there is a strong positive correlation of 0.72 between the strength of IP protections and score on creative outputs. Robust IP protections advance the invention, entrepreneurship, and creative spirit needed to create real growth.