This week in the Wall-Street Journal Dr. Els Torreele, director of the Access to Essential Medicines Initiative of the Open Society Foundation's Public Health Program based in New York, and Dr. Josh Bloom, director of chemical and pharmaceutical sciences at the American Council on Science and Health also based in New York, were asked an interesting question; should patents on pharmaceuticals be extended to encourage innovation?
They came down on opposite (but expected) sides of the issue. Bloom claimed that the economic securities provided by patent protections give Pharma companies the power and will to develop therapies and cures for the worst scourges known to man. Torreele, on the other hand, decried the exclusivity of broad patent extensions as the protection of a company’s market interests, which is independent of their ability to drive innovation.
Both made sound arguments, and in a utopian world, a sort of pragmatic compromise could be reached to maximize the positives and minimize the negatives for both ends. But like Madison, Jefferson, Hamilton, and the other classical thinkers, there is something genuinely novel about their staunch positioning’s; they thought it through and invite discourse.
As the Alliance’s President & CEO Dan Perry recently blogged in “The Battle Over Science in America - Where are you?” election time is upon us, and what better time to be engaged in discussions just like these. What is the role of FDA, NIH, and other government bodies in an increasingly modernizing society? How do you feel about Stem Cell Research, or end-of-life care? Do you believe better understanding the biological mechanisms behind the Aging Process are malleable (Spoiler Alert: We Do)? Or is the human body doomed to a long, difficult and costly bout with multiple costly-chronic diseases?
Let us, and others, know how you feel about these and other issues; or just think about these things once in a while. You’d be surprised how many issues you care about.
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Torreele, on the another labourer, decried the exclusivity of clear patent extensions as the infliction of a company's marketplace interests, which is individual of their knowledge to push creativity.
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Extending patents on pharmaceuticals will do nothing to increase medical innovation. As Einstein famously said, we can't solve problems by using the same kind of thinking we used when we created them.
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In my opinion, Without extended patent protection for new discoveries, the industry won't be able to fund the current level of research. And the consequences are profound: decreased innovation, fewer new drugs and more job losses.
Pharmaceutical companies have long been demonized by many politicians and others as heartless behemoths that place profit ahead of people's well-being.
There's no proof, they say, of a link between patent life and innovation. In their view, drug companies focus on developing the most marketable drugs instead of the most urgently needed medications.
It's important to remember the purpose of the patent system—to benefit society through innovation. It makes no sense to grant patent monopolies unless they produce the kind of innovation that will benefit society.
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In the pharmaceutical industry, a blockbuster drug is one that achieves acceptance by prescribing physicians as a therapeutic standard for, most commonly, a highly prevalent chronic condition. Patients often take the medicines for long periods. Thanks.
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The patented medications, countries may have certain mandatory licensing programs which compel, in certain situations, a medication's owner to contract with other agents to manufacture the drug. Such programs may deal with the contingency of a lack of medication in the event of a serious epidemic of disease, or may be part of efforts to ensure that disease treating drugs, such as AIDS drugs, are available to countries which cannot afford the drug owner's price. Thanks.
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Torreele, on the other hand, decried the exclusivity of broad patent extensions as the protection of a company’s market interests.
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Torreele, on the other hand, decried the exclusivity of broad patent extensions as the protection of a company’s market interests.
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In clinical practice, doctors personally assess patients in order to diagnose, treat, and prevent disease using clinical judgment. The doctor patient relationship typically begins an interaction with an examination of the patient's medical history and medical record, followed a medical interview and a physical examination. Thanks.
In the pharmaceutical industry, the patent protection of drugs and medicines is accorded a particular importance, because drugs and medicines can easily be copied or imitated and because of the significant research and development spending and the high risks associated with the development of a new drug. Thanks.
Torreele, on the other hand, decried the exclusivity of broad patent extensions as the protection of a company’s market interests.
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Torreele, on the other hand, decried the exclusivity of broad patent extensions as the protection of a company’s market interests.
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Do you believe better understanding the biological mechanisms behind the Aging Process are malleable
Torreele, on the other hand, decried the exclusivity of broad patent extensions as the protection of a company’s market interests
Bloom claimed that the economic securities provided by patent protections give Pharma companies the power and will to develop therapies and cures for the worst scourges known to man
Both made sound arguments, and in a utopian world, a sort of pragmatic compromise could be reached to maximize the positives and minimize the negatives for both ends.
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and Dr. Josh Bloom, director of chemical and pharmaceutical sciences at the American Council on Science and Health also based in New York,
Bloom claimed that the economic securities provided by patent protections give Pharma companies the power and will to develop therapies and cures for the worst scourges known to man
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