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    CETA Hits a Snag Over Patent Provisions

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    Wednesday February 29, 2012
    The negotiations between Canada and the European Union appear to have hit a snag over patent law changes demanded by large pharmaceutical companies that could add billions of dollars to Canadian health care costs. While the government previously indicated that a deal would be concluded within months, Minister Ed Fast is now talking about the end of the year or later.
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    Report Says Canada - EU Trade Deal Could Cost Ontario $1.2 Billion Per Year From Higher Pharma Costs

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    Thursday February 16, 2012
    The Drummond Report is attracting significant attention with its somewhat dire outlook for the Ontario economy. The report includes a notable warning about the costs of the proposed Canada - EU Trade Agreement, particularly the increased costs arising from patent reforms being promoted by large pharmaceutical companies:

    The outcome of the negotiations for a comprehensive free trade agreement with the European Union could have significant impact on the cost of prescription drugs in Ontario. A key negotiating point, the extension of Canadian patent protections for pharmaceutical drugs to European standards, could cost Ontario taxpayers up to $1.2 billion annually ($551 million for the Ontario government and $672 million for the private sector), thus wiping out gains from recent drug reforms. The province should work with the federal government to ensure that a CETA does not undermine Ontario’s interest in expanding the use of generic drugs.

    With Ontario searching for ways to bring down its deficit, it is increasingly apparent that including patent reforms within Canada's trade agreement will have a damaging impact that adds billions of dollars to provincial health care costs.
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    Canadian Pharma: High Prices, Low Research & Development

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    Monday February 06, 2012
    The Globe's Jeffrey Simpson has an excellent column on the state of big pharma in Canada, noting that Canadians pay high prices for pharmaceuticals but that big pharma has not met its commitment to devote 10 percent of sales to research and development.  Prices would increase further with potential legal reforms in the Canada - EU Trade Agreement.
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    Canada Wants Telecom, Culture Off the Table in CETA

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    Thursday January 26, 2012
    Canada's offer to the Europeans in the Canada-EU Trade Agreement negotiations on several key areas leaked yesterday. The documents reveal that Canada wants both telecom foreign ownership and cultural protections kept out the agreement.
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