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Wednesday February 29, 2012 |
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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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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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Monday February 06, 2012 |
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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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Thursday January 26, 2012 |
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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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