Companies / Philippines
Philippines Considering Reform To IP Laws
February 2006 | Company Finance AlertThe Philippine government is considering new legislation to reform intellectual property (IP) regulations in the country, paving the way for cheaper pharmaceuticals to enter the market. Medicines in the country are too expensive for many consumers due to a traditionally laissez faire approach to pricing. Meanwhile, industry sources allege that an "oligopoly" of multinational drugmakers keep drug prices artificially
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