Pharma Doublespeak
Professor Donald W. Light, a fellow of the Center for Bioethics at the University of Pennsylvannia, says Big Pharma has declared war on the price of patented drugs in Europe, Australia and other affluent countries. It hopes to counter efforts within the U.S. to lower domestic prices, aiming instead to raise prices everywhere to U.S. levels. The goals pursued in the Australian and other Free Trade Agreements (FTAs) are to:
- Restructure internal markets to raise prices on patented drugs,
- Extend patent protection and data exclusivity to delay generic competition
- Block cheap exports to the U.S.
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