A double-edged-sword approach to fighting pandemics: : patent waivers and incentives to innovate

Kostka, Katarzyna (author), Kovač, Mitja (author)

Although continents recently experienced an apocalyptic pandemic that posed a mortal danger to millions of people, a new, even deadlier pandemic could soon emerge… The paper seeks to address the role played by patent waivers and current contractual arrangements in the pharmaceutical industry in addressing the dangers caused by the current and future pandemics. The process of waiving patents is explored where it is argued that it sadly cannot amount to the knight in shining armour that everyone has been expecting. Due to the lack of coordination, the tremendously long process, and the potential block in innovation arising from pharmaceutical companies having smaller incentives, more attention must be paid to other alternative institutional solutions. Drawing from the economics literature on innovation in the pharmaceutical sector, a conceptual framework is proposed for improved legal intervention in the case of patent waivers in international intellectual property law instruments. In addition, the paper provides a comparative law and economics treatment of current patent waivers in US, EU, and international law instruments.

• Language: English
• Keywords: pandemic, innovations, intelectual property, innovation, patent waivers, incentives
• Work type: Article
• Typology: 1.01 - Original Scientific Article
• Organization: EF - School of Economics and Business
• Publication status: Published
• Publication version: Version of Record
• Year: 2023
• Number of pages: Str. 239-278
• Numbering: Vol. 54, iss. 3
• PID: 20.500.12556/RUL-159704
• UDC: 346
• ISSN on article: 2545-384X
• DOI: 10.31743/recl.15503
• COBISS.SI-ID: 169281539
• Publication date in RUL: 18.07.2024

Record is a part of a journal

• Title: Review of European and Comparative Law
• Shortened title: Rev. Eur. Comp. Law
• Publisher: Wydawnictwo KUL
• ISSN: 2545-384X
• COBISS.SI-ID: 80626179

Licences

• License: CC BY 4.0, Creative Commons Attribution 4.0 International
• Link: http://creativecommons.org/licenses/by/4.0/
• Description: This is the standard Creative Commons license that gives others maximum freedom to do what they want with the work as long as they credit the author.

Secondary language

• Language: Slovenian
• Keywords: pandemija, inovacije, intelektualna lastnina

Projects

• Funder: ARIS - Slovenian Research and Innovation Agency
• Project number: P5-0128
• Name: Izzivi vključujočega in trajnostnega razvoja v prevladujoči paradigmi ekonomskih in poslovnih znanosti