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Ecuador Grants First Compulsory Licence, For HIV/AIDS Drug

By Intellectual Property Watch

Ecuador this month granted its first compulsory licence for a patented pharmaceutical since declaring last year that it would utilise international rules allowing it to do so. The move has already brought the country substantial savings due to new competition, according to the Ecuadorean intellectual property office. Other Latin American countries might be drawn to the prospect of reduced drug prices, according to advocates. The rights owner said it is disappointed with the decision.

Related Articles:

• Ecuador To Define Its Compulsory Licence Legislation
• ECOSOC Adopts Resolutions On Digital Divide, HIV/AIDS, But Hurdles Remain
• How To Avert The Coming Drug Access Crisis

Full post as published by Intellectual Property Watch on April 22, 2010 (boomark / email).