Thursday, March 25, 2010

Drug Companies Loosen up Patents for Developing Countries

A not-for-profit patent pool, based in Switzerland, will be set up later this year to allow developing countries to manufacture cheaper HIV drugs.

In a patent pool, patent-holding drug companies volunteer to forgo their patent rights in selected countries, which then allows local companies to make medicines generically at lower costs.

Officials expect that efforts such as these will allow developing countries to save more than US$1 billion a year.

To learn more, read the following article posted on the website: Africa Good News.

- Tiffanie Depew

Africa Good News