Word: protectionism
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Dates: during 2000-2009
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But there's a dilemma: policymakers want to foster cost-saving competition without killing the financial incentives that have put the U.S. biotechnology industry at the vanguard of medical science and without stifling the development of even more drugs that could save lives and eliminate suffering. Finding that equilibrium goes...
The Federal Trade Commission (FTC), though, argued in June that giving biologics makers any period of exclusivity at all could actually stifle innovation. Biologics are so much more complex and expensive to produce than traditional drugs that the barriers to would-be "biosimilar" competitors are already high, the FTC said...
Similarly, on Oct. 19, PhRMA put out a statement calling for a "fair period of data protection" of 12 years at a "bare minimum." To defend its position, the group cited Duke University economist Henry Grabowski, whose work it has funded, and two patient groups. One, called RetireSafe, receives regular...
All that wood and lumber was an unusual sight, concedes Pham Thanh Lam, director of the Forestry Protection Bureau in Quang Nam, the province where the typhoon made landfall on Sept. 29. The storm was one of the most powerful to hit Vietnam in the past 50 years, killing at...
The washed-up wood, says Lam, is evidence of the shrinking old-growth forest cover - a loss that has contributed to erosion and frequent flooding in the province. He blames "logging pirates," illegal timber smugglers who are becoming increasingly bold - and even dangerous. But, Lam added, many trees are also...