We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

French Tax Raises Money For Drugs—And IP Concerns

Law360 (August 11, 2006, 12:00 AM EDT) -- As international governments and drug companies struggle to find a balance between protection of intellectual property and the rights of poor nations to access crucial medications, a controversial new French initiative stands to fuel the debate by pressuring the pharmaceutical industry to lower prices.

Billed as a “tax for Third World medicine,” the initiative—the brainchild of French President Jacques Chirac and Brazilian President Luiz Inacio Lula da Silva—was introduced in France last month, and is set to be implemented in 14 additional countries.

Under the program,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.