• Categories
  • Archives

USA for Innovation Urges Prompt Action Against Brazil for Patent Breaking

The American organization USA for Innovation yesterday urged the United States Trade Representative’s office (USTR) to immediately issue a statement that American trade relations with Brazil will be seriously affected if it proceeds with a plan to seize drug patents from American labs.

Brazil on Friday announced that it would be the world’s first country to issue a compulsory license on an AIDS drug manufactured by Abbott laboratories.  Brazil gave Abbott 10 days to respond to its request to forfeit its patent. 


The news is the latest threat by Brazil to seize American intellectual property in recent months.  The USTR has publicly said it is “keenly” aware of the situation and is “monitoring developments,” though it has yet to make any formal statement on the issue.


“The US Government clearly needs to do more than to simply monitor the situation,” said executive director, Ambassador Ken Adelman. 


“Brazil is undeterred by USTR’s inaction.  American policy cannot be enforced in a vacuum, and this silence from USTR will carry a heavy price for American innovators.”


Health Minister Humberto Costa said this week that Brazil was forced to invoke the TRIPS agreement because his country’s resources were “insufficient” to pay for American AIDS medicines.


However, Brazil, among the world’s largest economies, announced today it had plans to continue its uranium enrichment program.  Brazil has invested over US$ 1 billion in this program in recent years.


“There is no fiscal crisis in Brazil that precludes Brazil from spending far more than US$ 180 million per year on its AIDS program if it has been able to spend US$ 1 billion to enrich uranium,” Adelman said. 


“Sitting by and watching Brazil abuse the TRIPS agreement for commercial gain will set forth a dangerous precedent internationally.”


USA for Innovation is self-described as a non-profit organization dedicated to the protection of intellectual property and continued innovation around the globe. They claim to educate decision makers, the media and general public about threats to innovation. 


USA for Innovation – www.usaforinnovation.org

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazilian Industry Grows Across the Board with Ethanol in the Lead

Industrial activity in the second quarter of 2007 reached the largest level in the ...

Americans and Brazilian Immigrants Flock South in Search of Brazilian Dream

Brazilian immigrants are returning home to a bustling economy that offers better financial opportunities ...

Brazil Doubles Spending on Tourism. Most of Money Goes into Hotels

The sum of federal funds allotted to tourism by Brazil nearly doubled in the ...

Jet Vetoed by US Is Not Attack Plane, Says Brazil’s Embraer

The president of the Brazilian Aeronautics Company (Embraer), MaurÀ­cio Botelho, affirmed on Friday, January ...

Brazil Gets First Exclusive Publication for iPad. It’s a Free 24/7 Experience

Brazil is getting a glimpse of its first media interface developed specially for the ...

Brazil Expecting 7.18% Growth This Year

The latest weekly market survey by Brazil’s Central Bank shows that the market continues ...

All for a New Breast

In popular clinics the wait for a new you can be long. At Santé ...

Brazilian Faucet Maker Wants to Expand Its Overseas Reach

Company Docol, from the southern Brazilian state of Santa Catarina, one of the main ...

Adman at Center of Brazil’s Corruption Scandal Met Lula’s Chief of Staff Four Times

In testimony Wednesday, August 10, before the Vote Buying Parliamentary Inquiry (CPI), adman/businessman Marcos ...

Payback Time in Brazil: Friends Get Cabinet Post

March 15th was the 20th anniversary of Brazil’s latest experiment with democracy. For the ...