Miles White, Chairman and CEO of Abbott Laboratories lately wrote concerning the significance of drug patents for the way forward for medicine. He began by talking a few case settled by Abbott and the South American country of Brazil. Brazil felt that the worth of Abbott's AIDS medication Kaletra, the most broadly used AIDS medicine, was too excessive and patients couldn't afford it. They were threatening to break Abbott's patent and produce a generic model regionally as a way to deal with more patients. The two sides reached an settlement as Abbott agreed to significantly reduce the price per patient and the government agreed to honor the patent.
White points out that whereas this situation ended properly for each parties concerned, this problem shouldn't be forgotten. He writes, ??we cannot let the agreement end discussion of the ideas involved; it is important that we think about their implications in order to avoid conditions which may not be so luckily resolved. What hangs in the balance is how the world will proceed to develop the medicines it needs.?
He additionally writes in regards to the want for a stability to exist between innovation and access to medication:
?The negotiation raised a nicely-worn chorus of criticisms of the patent system, however failed to address the underlying query: how would our society continue to progress with out it? The problem is that our world wants and world programs are in conflict. This threatens to harm one aim, innovation, in the name of one other, entry to drugs. Entry is the purpose the world cares about and one taken severely by innovator corporations (people who conduct research and improvement of recent medicines) that have made significant contributions to this finish across the creating world - from building healthcare infrastructure in Africa, to drastic worth cuts which have benefited a wide range of countries, together with Brazil. But it surely should be acknowledged that access is inseparable from innovation: with out entry, innovation is meaningless; with out innovation, there's nothing to have access to.?
White concludes by quoting President Abraham Lincoln, ?The patent system added the gasoline of interest to the fire of genius.? The patent system exists so that innovation can continue. So scientists' discoveries are protected.