By Nathaniel DeLucia
The World Intellectual Property Organization (WIPO) created
the Medicines Patent Pool in 2010 to bring HIV medicine to developing countries
at affordable prices. Now, at the annual
General Assembly of the WIPO, the organization is considering expanding the
program to fight other diseases.
The patent pools provide a centralized location for numerous
patent owners and generic companies to meet and trade. The result is easier negotiations, leading to
more license agreements and, ultimately, lower prices.
For more information on these potential patent pools, see
Intellectual Property Watch’s article, located here.
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