The devils called Patent & FTA
Will innovation and IPR suffer if technology is patented?
June 1, 2006
What do you see when countries negotiate in the bilateral and multi-lateral trade agreements? I see perpetual catching-up in economic divides if we are not careful when dealing with issues that involve patents, copyrights and intellectual property rights.
That said, it’s quite disturbing to hear that Malaysia will pass the Patents Act (Amendment) Bill as the country has decided to accede to the Patent Co-operation Treaty (PCT) by the end of 2006.
As it is, apart from the PCT, Malaysia is also acceding to three additional treaties of the World Intellectual Property Organisation (WIPO), namely the WIPO Copyright Treaty (WCT), the WIPO Performances and Phonograms Treaty (WPPT) and the Budapest Treaty on the International Recognition of the Deposit of Micro-organisms for the Purposes of Patent Procedure, or in short, the Budapest Treaty.
Patents can be easily related to escalated costs in building quality of life, and there is sufficient evidence to support this argument, with patented medicines as a solid example. Patented anti-retrovirals administered on AIDS patients used to be US$15,000 per patient per year. The generic versions, which are just as safe and effective, are US$150 per patient per year.


