EU Finds Anti-Competitive Abuse Of Pharmaceutical Patents, Launches Antitrust Action

I just found out that IPWatch.ORG has an article about a new EU investigation. To quote:

Pharmaceutical companies are manipulating the intellectual property rights system and are “actively trying to delay the entry of generic medicines onto their markets,” a top EU official said of an EU inquiry into the pharmaceutical sector released Wednesday. As a result, there has been a decline in the number of innovative medicines getting to the market, it says.

Those of you who know me, know that I believe that patents are a drag on the economy, and that they make the First World countries less efficient than they could be. Those companies who claim to need patent protection for their innovations are in effect admitting that they are inefficient, and incapable of operating in a 21st century environment.

If they aren’t capable of operating, they should be shut down. That’s what bankruptcy law is for.

Oh, and they are also admitting that their management is incompetent. Think of it as Evolution in Action.

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4 thoughts on “EU Finds Anti-Competitive Abuse Of Pharmaceutical Patents, Launches Antitrust Action

  1. Well the alternative is trade secrets. I agree patent laws are stupid, but they can be reformed & they do serve a useful purpose.

  2. I agree patent laws are stupid, but they can be reformed & they do serve a useful purpose.How do patent laws serve a useful purpose? I'm curious. And I'd love to see examples. I end up reading a lot of patents, and all of the ones I've read are crap.

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