Pharmaceutical Licensing

Paper Summary:

This paper highlights the causes and effects of the compulsory licensing of pharmaceutical products. The paper discusses the fundamental positions, attitude, inclination, and concerns of the developed world and the under-developed world with regard to the intellectual property rights of the pharmaceutical products. The paper also concentrates on the subject of the intellectual property rights of the biotechnology products. The paper also exposes the priorities of both the developed world and the under-developed world, priorities that have been a major hurdle in all previous negotiations on Intellectual Property Rights (IPR) protection. Subsequently, the paper gives practical recommendations that ought to be followed in all future negotiations so that both parties can derive maximum benefits from the patentability of pharmaceutical products.

From the Paper:

"Over the years, it has become a general belief that biodiversity will pave the way for a solution to almost all the diseases that exist today and continue to negatively influence our lives. This belief has led scientists to take further steps in the Research and development (R&D) of biotechnology. These steps comprise of various compounds, compounds that are biologically active, compounds that are natural resources, for example microbes, insects, fungi, marine organisms, and plants. However, laboratories are not capable of producing these complex biologically active and complex compounds. This is because the key places of genetic biodiversity are situated in the tropical and the subtropical regions of the world (Tara, 1994). Therefore, it is imperative for biotech scientists to go into the tropical forests with the purpose of locating these biologically active compounds."

More papers on Pharmaceutical Licensing:

• Analytical Essay # 123969 : "The Pharmaceutical Industry and Congress"
• Term Paper # 135595 : "Alternative Media Review of the Pharmaceutical Industry"
• Analytical Essay # 61723 : "Third Class of Drugs"

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