B148 - Drug Patent Reform Bill (take 2)
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View Poll Results: SHould this Bill be passed into Law
As many as are of that opinion say Aye 28 66.67% On the contrary No 11 26.19% Abstain 3 7.14%
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Re: B148 - Drug Patent Reform Bill (take 2)No it won't. If you want to know why, check my previous answers on the issue. It is the company's responsibility to want to make profits and if they raise costs, no-one will buy the drugs.(Original post by AnythingButChardonnay)
I hope you realise how much more expensive this will make drugs in their first 6 years.
Really, really daft. -
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Re: B148 - Drug Patent Reform Bill (take 2)No. If there are alternatives on the market which can do a suitable job, for a much lower price, they will be bought.(Original post by AnythingButChardonnay)
You are taking the piss, aren't you?
The NHS will not go around paying stupendous amounts of money for drugs from companies here in the UK, when they can simply ask other European companies who already have this 6 year scheme in place for their drugs.
It's a two way process. The less a company invests into the funding of new drugs, the less money they will get back from it. The same applies for anything; marketing; manufacturing; setting infrastructure up... -
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Re: B148 - Drug Patent Reform Bill (take 2)As for those who want to remove Patents completely, EU rules prohibit the complete removal of Drug Patents and also of Data Exclusivity. That's why I've taken it down to the minimum allowed level of 6 years. And why not? The USA has it set to 7, and other European countries at 6. Why should the UK dwindle behind the rest of them?
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Re: B148 - Drug Patent Reform Bill (take 2)There won't be alternatives that can do the job on the market though will there, a drugs company doesn't develop new drugs when there are alternatives people could use for a cheaper price with as good an effect. For the first 6 years, new drugs will be more expensive, incredibly more expensive.(Original post by sohanshah)
No. If there are alternatives on the market which can do a suitable job, for a much lower price, they will be bought.
The NHS will not go around paying stupendous amounts of money for drugs from companies here in the UK, when they can simply ask other European companies who already have this 6 year scheme in place for their drugs.
It's a two way process. The less a company invests into the funding of new drugs, the less money they will get back from it. The same applies for anything; marketing; manufacturing; setting infrastructure up...
Nor will a company in the UK develop a drug that's been developed already by another company in the EU, why on earth would they do that? They'd only do that if it's patent had expired. Your argument in this post is completely illogical, unless I've missed the boat here. -
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Re: B148 - Drug Patent Reform Bill (take 2)Take Pfizer - If they made drug A and released it into the US market aimed to treat disease X at a cheapish price.(Original post by Indievertigo)
There won't be alternatives that can do the job on the market though will there, a drugs company doesn't develop new drugs when there are alternatives people could use for a cheaper price with as good an effect. For the first 6 years, new drugs will be more expensive, incredibly more expensive.
Nor will a company in the UK develop a drug that's been developed already by another company in the EU, why on earth would they do that? They'd only do that if it's patent had expired. Your argument in this post is completely illogical, unless I've missed the boat here.
Take GSK - If they made a drug B and release it into the UK market also aimed at treating disease X. They would not considerably raise prices because they would lose more money in releasing the drug than they would setting the price more competitive.
Yes, drugs will cost more in the short term, but nothing too zealous as this would be detrimental to the companies themselves. In the long term however, think of the benefits... -
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Re: B148 - Drug Patent Reform Bill (take 2)(Original post by sohanshah)
Take Pfizer - If they made drug A and released it into the US market aimed to treat disease X at a cheapish price.
Take GSK - If they made a drug B and release it into the UK market also aimed at treating disease X. They would not considerably raise prices because they would lose more money in releasing the drug than they would setting the price more competitive.
Yes, drugs will cost more in the short term, but nothing too zealous as this would be detrimental to the companies themselves. In the long term however, think of the benefits...
Why though would Pfizer release a drug at a cheapish price when they get a 20 year patent in the US? And then, why would GSK go through the 10 years or so roughly that it takes to develop a new drug knowing they were going to be competing with another drug which treats the same disease but in a different way? Where is there incentive to spend millions of money knowing that they'll face a price war? -
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Re: B148 - Drug Patent Reform Bill (take 2)Take a look around you on a supermarket shelf. We have Paracetamol which is available off the counter but there are another 5 drugs, none of which do anything different, which are all on the market.(Original post by Indievertigo)
Why though would Pfizer release a drug at a cheapish price when they get a 20 year patent in the US? And then, why would GSK go through the 10 years or so roughly that it takes to develop a new drug knowing they were going to be competing with another drug which treats the same disease but in a different way? Where is there incentive to spend millions of money knowing that they'll face a price war?
You simply assume that prices will rise through the roof, but ins business terms - it makes no sense for that to happen. It's all about demand, and if there is no demand for outrageously priced drugs, then they aren't going to sell.
On a side note, you might like to know that the current Government(irl) managed to persuade many drug companies to remove their patents on HIV/AIDS drugs so that they could be manufactured cheaply for African Nations. Drug Companies are there to make profits, yes, but they also have common sense.Last edited by Kyalimers; 28-05-2009 at 17:14. -
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Re: B148 - Drug Patent Reform Bill (take 2)Yes, that's because paracetamol's patent expired years ago though(Original post by sohanshah)
Take a look around you on a supermarket shelf. We have Paracetamol which is available off the counter but there are another 5 drugs, none of which do anything different, which are all on the market.
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Re: B148 - Drug Patent Reform Bill (take 2)The dead hand of the EU always seems to stymie liberalism. For shame.(Original post by sohanshah)
As for those who want to remove Patents completely, EU rules prohibit the complete removal of Drug Patents and also of Data Exclusivity. That's why I've taken it down to the minimum allowed level of 6 years. And why not? The USA has it set to 7, and other European countries at 6. Why should the UK dwindle behind the rest of them?
Also lol @ socialists arguing for free markets against tories. -
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Re: B148 - Drug Patent Reform Bill (take 2)The drugs were marketed at similar times though.(Original post by Indievertigo)
Yes, that's because paracetamol's patent expired years ago though
The other reason this Bill is needed is to prevent pharmaceutical 'scams'. Making a drug A and having its 10 year patent (effectively 13 with Drug exclusivity) and then putting a patent on its isomer, drug A', for another 13 years is going to get nowhere. It happens now, and will keep happening unless we stop it. -
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Re: B148 - Drug Patent Reform Bill (take 2)Can we not amend the bill to include a price cap for selling the drug to the NHS? (this reduces the cost of it to the NHS, but allows companies to charge the private sector more. The private sector won't be as affected due to being more able to afford the drugs).
So yeah, what do people think of this proposed amendment? -
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Re: B148 - Drug Patent Reform Bill (take 2)Once the Bill passes, feel free to add ammendments via another Bill.(Original post by hebe001)
Can we not amend the bill to include a price cap for selling the drug to the NHS? (this reduces the cost of it to the NHS, but allows companies to charge the private sector more. The private sector won't be as affected due to being more able to afford the drugs).
So yeah, what do people think of this proposed amendment? -
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Re: B148 - Drug Patent Reform Bill (take 2)The EU stifling competition? Who would have thought it!?(Original post by sohanshah)
As for those who want to remove Patents completely, EU rules prohibit the complete removal of Drug Patents and also of Data Exclusivity. That's why I've taken it down to the minimum allowed level of 6 years. And why not? The USA has it set to 7, and other European countries at 6. Why should the UK dwindle behind the rest of them? -
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Re: B148 - Drug Patent Reform Bill (take 2)Can the Left just propose one free market bill for once? Just one? Why do you keep having to add all these interventionist amendments(Original post by hebe001)
Can we not amend the bill to include a price cap for selling the drug to the NHS? (this reduces the cost of it to the NHS, but allows companies to charge the private sector more. The private sector won't be as affected due to being more able to afford the drugs).
So yeah, what do people think of this proposed amendment?
