Word: sipos
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Dates: during 2004-2004
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...extra boost have been snapping up doses of knockoff Viagra. Although they're illegal, the fakes are so widespread that American pharmaceutical giant Pfizer says it's having a difficult time selling the real thing. Last week Pfizer's job grew even tougher. China's State Intellectual Property Office (SIPO) overturned the company's patent rights to Viagra, potentially opening the Chinese market to a flood of cheap, locally made generic rivals...
...Details of the decision have not been released, but SIPO says Pfizer's patent was rescinded on the grounds that its description of the drug was insufficient to meet the standards of Chinese law. The company claims it's being penalized for not fulfilling requirements that didn't even exist when its patent was approved in 2001, and U.S. Trade Representative spokesman Richard Mills says he will raise the issue with the Chinese government. Pat Powers, Beijing-based director of China operations for the U.S.-China Business Council, says SIPO's decision "sends a negative signal to foreign companies looking...
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