Massachusetts Institute of Technology
Sign in Create Account

Challenges to Implementation

08/12/2004 4:00 PM Wong Auditorium
Jonathan D. Quick, President & CEO; Management Sciences for Health, Inc; Gareth O. Williams, Chartered Patent Attorney, Marks & Clerk Patent and Trade Mark Attorneys ; ; Gary S. Cooper, Associate Attorney, Goodwin Procter LLP ; Yuri Dikhanov, Economist, World Bank ;

Description: In this concluding panel about international drug pricing, speakers discuss the legal pitfalls and complexities involved in global pharmaceutical trade. Gareth Williams notes that the implementation of the key TRIPS agreement (an international law that helps defend intellectual property) has been slow. The law "cannot prevent nations from taking steps to protect public health," and its implementation regarding drug patents has been delayed until 2016 for developing nations. The European Union has created a "fortress Europe," where you can't import products from outside the community. Gary Goodwin cautions conference attendees against chatting even informally about drug prices, lest they be viewed by authorities as colluding. Competition watchdogs are increasingly sensitive to the possibility that pharmaceutical industry representatives engage in price-fixing schemes whenever they meet including public forums such as this. "Any suggestion that pharmaceutical companies today should reach consensus on a pricing formula they might use or advocate, would be problematic and should not be entertained." Yuri Dikhanov describes efforts within the World Bank to create sophisticated formulas by which to calculate the wealth, income and purchasing power not only of different nations but of their citizens. One part of this enterprise is the International Comparison Project, which attempts to gauge 1000-plus prices for products and services across 150 countries. This "very complex aggregate" would form the basis for an index that might ultimately enable more equitable and realistic price-setting for medicines internationally.

Host(s): Sloan School of Management, MIT Sloan School of Management

Comments (0)

It looks like no one has posted a comment yet. You can be the first!

You need to log in, in order to post comments. If you don’t have an account yet, sign up now!

MIT World — special events and lectures

MIT World — special events and lectures

Category: Events | Updated 11 months ago

December 13, 2011 11:18
All Rights Reserved (What is this?)
Additional Files

2967 times

More from MIT World — special events and lectures

Dendrite Morphogenesis and Channel Regulation: Implications for Mental Health and Neurological Disorders

Dendrite Morphogenesis and Channel ...

Added almost 4 years ago | 01:23:00 | 9528 views

Physical Sciences and Engineering

Physical Sciences and Engineering

Added almost 4 years ago | 00:56:49 | 2511 views

Traffic Paradoxes and Route Guidance: Effective Ways of Reducing Congestion Effects?

Traffic Paradoxes and Route Guidanc...

Added almost 4 years ago | 00:58:18 | 11635 views

The City Car

The City Car

Added almost 4 years ago | 01:10:00 | 4617 views

Statistical Natural Language Parsing: Reliable Models of Language?

Statistical Natural Language Parsin...

Added almost 4 years ago | 00:41:14 | 5624 views

The Future of Corporate Governance

The Future of Corporate Governance

Added almost 4 years ago | 01:25:00 | 3363 views