EU PHARMA COMPANIES SET TO BENEFIT FROM CANADIAN TRADE DEAL

EUROPEAN Union (EU) pharma companies are set to benefit from a new free trade deal struck between the EU and Canada, with Canada liberalising its patent protection rules. Once the Comprehensive Economic and Trade Agreement (CETA) has been ratified (probably in 2015), Canada will lock its practice of providing eight years’ market exclusivity, with a six year block on applications for generic drugs, and a two-year ‘no-marketing’ period when generic manufacturers can prepare medicines for sale.Also, Canada will offer weaker additional (sui generis) protection ...


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