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Patent Protection of Pharmaceutical Products in the Globalising World Economy

Author

Listed:
  • Ants Kukrus

    (School of Economics and Business Administration, Tallinn University of Technology)

  • Raul Kartus

    (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.

Suggested Citation

  • Ants Kukrus & Raul Kartus, 2005. "Patent Protection of Pharmaceutical Products in the Globalising World Economy," Working Papers 136, Tallinn School of Economics and Business Administration, Tallinn University of Technology.
    • Handle: RePEc:ttu:wpaper:136
    as

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    File URL: http://deepthought.ttu.ee/majandus/tekstid/TUTWPE_05_136.pdf
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    References listed on IDEAS

    as
    1. Grabowski, Henry, 2002. "Patents, Innovation and Access to New Pharmaceuticals," Working Papers 02-28, Duke University, Department of Economics.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    patent protection of pharmaceutical products; the TRIPS Agreement; the Doha Declaration; compulsory license; exclusive right; global economy;
    All these keywords.

    JEL classification:

    • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)
    • K41 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Litigation Process

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