Group Asks US Congress to Punish Brazil and Thai Drug Piracy

Brazzil Magazine covers

Drug patent An American group called USA For Innovation released an open letter to Members of the United States Congress reminding them of the importance of intellectual property to the American economy and to encourage them to confront threats from Brazil and Thailand, which they accuse of intellectual piracy.

In the letter, the association's executive director, ambassador Ken Adelman, cites the enormous value of intellectual property to the U.S. economy at between US$ 5 trillion and US$ 5.5 trillion, equal to approximately 45% of the U.S. GDP, and greater than the GDP of any other nation in the world.

The document also talks about its concern with Brazil's pursuit of its own compulsory license last week following in the steps of Thailand.  The implication of such actions, Adelman says, is that it  "hurts local firms in Brazil and Thailand trying to attract foreign investment. It hurts their patients, who will no longer have access to patented medicines which, in many cases, are the only treatments proven safe and effective…"

Noting that Thailand is presently a recipient of "military, humanitarian and other forms of assistance from the U.S. government, in addition to private donations from millions of American charities…" Adelman concludes that "it seems appropriate to remind leaders of these countries that the United States will protect innovation-producing American firms and jobs. Doing so now, in a vigorous manner, will save lives in these countries and throughout the world…"

USA For Innovation presents itself as a non-profit organization dedicated to the protection of intellectual property and continued innovation around the globe.

Tags:

You May Also Like

Brazzil Magazine covers

For Investors Worldwide Brazil is Priority Number 1 in LatAm

Although Chile is considered the market with the most favorable environment for business, only ...

Brazzil Magazine covers

Brazil’s Primary Surplus Grows to 6.22% of GDP

The primary surplus, the economy that the Brazilian government makes to pay the interest ...

Brazzil Magazine covers

Fed Up With Criticism Over the World Cup Brazil President Lashes Back

Dilma Rousseff, the president of Brazil, responded angrily at criticism voiced by former soccer ...

Brazzil Magazine covers

Brazil and Argentina Put a Show of Unity, But Trade Trouble Persists

Brazil and Argentina presidents met Wednesday in the border town of Puerto Iguazú, in ...

Brazzil Magazine covers

In Brazil All Eyes Are on the Central Bank, Hoping for Interest Cuts

Latin American markets drifted lower, amid a dearth of catalysts, and as global equities ...

Brazzil Magazine covers

Military Decline

Electoral competition and the incentives it unleashes form a key source of the dynamism ...