Competition and Innovation in the EU Regulation of Pharmaceuticals: The Case of Parallel Trade
Competition and Innovation in the EU Regulation of Pharmaceuticals: The Case of Parallel Trade
复制标题
欧盟药品监管中的竞争与创新:平行贸易案例
DOI:
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发表时间:
2011
期刊:
影响因子:
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通讯作者:
C. Desogus
中科院分区:
文献类型:
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作者:
C. Desogus
textabstractPharmaceuticals are an essential part of modern life. They help satisfy our
everyday nutritional, sanitary and medical needs, and represent a primary method for
preserving health and treating many diseases and conditions. Their spread, fostered by
the progress of pharmaceutical research, created a ‘health revolution’, increasing human
life expectancy and improving quality of life.
Compared to surgical procedures, drugs represent a very cost-effective means for
governments to protect the public health of their citizens. This should help reduce total
health care expenditure. However, the cost of pharmaceuticals is accounting for an evergreater
proportion of that expenditure. This in turn means that there is increasing
scrutiny by governments to tighten budget controls on drugs.
These elements have recently generated a renewed interest in the pharmaceutical
industry’s practices, and especially in companies’ pricing policies, from both the public
and regulators. They frequently claim that drugs are priced too highly and that this may
undermine patients’ access to medicines, as well as their right to health.
In the absence of effective market mechanisms capable of controlling excessive
prices, governments have resorted to a wide variety of different policy tools to help
them cap the rise of drug prices and of their health care expenditures.
It is the difference between the tools used that has contributed to the presence of
large price gaps across countries. Such differences in prices are the basis of what is called
‘parallel trade’.
Parallel trade is a form of arbitrage that consists of the cross-border selling of a
product protected by an intellectual property right (IPR) without the authorisation of the
IPR owner. Parallel trade is an entirely EU phenomenon, because it is based on the
principle of free movement of goods, as developed by the jurisprudence in the principle
of regional exhaustion of IPRs. Under this principle any protected good that is first
marketed in the EU by the IPR owner, or with his consent, shall freely circulate along the
supply chain.
影响因子:
3.5
作者:
MCGUIRE, TG;PAULY, MV
通讯作者:
PAULY, MV
影响因子:
3.5
作者:
Danzon, PM;Chao, LW
通讯作者:
Chao, LW