Call for an overhaul of the IP system
This article was originally published in Scrip
An overhaul of the way patent offices work and greater collaboration between private and public sectors could transform the ailing intellectual property (IP) system, says a new study. It puts forward 17 recommendations aimed at ushering in a new IP system to stimulate greater innovation and bring more benefits to certain sectors, including the biotech industry.
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Public health advocates say that commercial concerns must take a back seat to health interests if COVID-19 technologies are to be made available to those who need them. But industry says that relaxing IP protections is not the solution and that many companies have already invested significant amounts of money in potential new treatments and vaccines.
Recommending new medicines for approval and allowing sponsors of others extra time to answer outstanding questions are among the many tasks on the agenda of the March meeting of European Medicines Agency's key scientific committee, the CHMP. The meeting has been taking place, remotely, this week.
Intellectual property rights are under the microscope as countries prepare to provide affordable and timely access to pandemic technologies.