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Patent Protection of Pharmaceutical Products in the Globalising World Economy

Ants Kukrus () and Raul Karts ()
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Ants Kukrus: School of Economics and Business Administration, Tallinn University of Technology
Raul Karts: School of Economics and Business Administration, Tallinn University of Technology

No 136, Working Papers from Tallinn School of Economics and Business Administration, Tallinn University of Technology

Abstract: Patenting new products in pharmaceuticals industry is of greater importance than in the other high technology branches of industry nowadays. Concentration of manufacturing takes place in pharmaceuticals industry as well as in the other branches of industry and it is characterised by the joining of firms. However, there are several specific features in patenting pharmaceutical products. Enforcement of the Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS Agreement) made it compulsory to establish in all World Trade Organization (WTO) Members patent protection on pharmaceutical products and their manufacturing methods as well as patent protection of drugs. WTO Doha Declaration is an essential stage in patent protection of pharmaceutical products establishing the legal basis and compulsory licensing system. In 2005, the European Commission completed the Regulation of the European Parliament and the Council on compulsory licensing of patents relating to the manufacture of pharmaceutical products for export to countries with public health problems.

Keywords: patent protection of pharmaceutical products; the TRIPS Agreement; the Doha Declaration; compulsory license; exclusive right; global economy (search for similar items in EconPapers)
JEL-codes: K10 K41 (search for similar items in EconPapers)
Pages: 28
Date: 2005
New Economics Papers: this item is included in nep-hea, nep-ino and nep-law
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Published in Working Papers in Economics, School of Economics and Business Administration,Tallinn University of Technology (TUTWPE), Volume 17, Pages 57-84

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