US ROK FTA - Why the Pharma dispute is a public health issue not just trade
For those who think the US is automatical wrong in sticking to its guns on Korea's planned changes to its drug purchasing system should consider this:
Just think those types of things could be included as part of the positive list scheme since they are cheaper than normal imports. Think I am over stating my case? Consider the following citation from an Op-ed in the Korea Times:
You read that right 10 "generic" manufacturers sold drugs with falsified effectivity reports. And these are only the 10 caught, imagine how many more.
I mention this so you can remind yourself any some idiot wants to lecture how the US government is lobbying for the "greed" of big pharma. There are other issues involoved here one should know about.
2 Comments:
Interesting...I worked for a US biotech company that was trying to get its drug into registration in Korea back in 1999...the KFDA had brought in a new set of regs in 1998 that were actually a bit more stringent than the EU or USFDA's...
We had to shell out some money to Korean research facilities, quite a bit, and for results that they themselves couldn't seem to properly interpret. These were for tests & assays "unique to Korean requirements", they said.
Now our competitors in Jeil Sugar, Green Cross, Dae Woong, were of course not subject to this sort of foolishness.
Then we see our Korean biotech friends going all over China, buying up small lots of material (cytokines, vaccines), labeling it as their own, and then using it to beat us on government bids in S. America...
When we blew the whistle on them to the KFDA we got a rather dismissive 'fuck-you'.
It comes as no surprise that these research institutes were all in on the take...
The war stories we could share over a cup of coffee Mr. Walsh...
Incendently there is another aspect to all this you may know, but will add here for the uninitiated. In Korea you cannot patent a chemical unlike most countries. Under Korean law a chemical is a naturaly occuring thing (no matter how unatural the production method) and therefore cannot be patented. So in order to patent a drug in Korea you need to patent the use of the chemical/drug for a speific ailment.
To make a longer exposition short, basicaly this means that any company can make the drug as long as they market it for something the patent does not cover. This is another reason why generics proliferate in Korea.
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