OTTAWA, Jan. 19 /CNW/ - A report released today by the Canadian
Intellectual Property Council (CIPC) concludes that Canada must improve
and strengthen its intellectual property regime to close the gap with
other leading industrialized countries to attract research and
investment in the pharmaceutical sector. The CIPC is an organization of
businesses under the banner of the Canadian Chamber of Commerce focused
on improving and protecting intellectual property rights in Canada.
The report entitled, Innovation for a Better Tomorrow: Closing Canada's Intellectual Property Gap recommends that Canada make improvements in three crucial areas to
attract jobs and spark growth in life sciences. These include:
levelling the playing field between innovative pharmaceutical companies
providing internationally competitive protection for the data produced
by innovators, and
protecting their discoveries from regulatory and other delays in the
The report is being released as Canada and the European Union (EU)
conduct negotiations aimed at expanding trade that could produce an
estimated $10.7 billion in benefits for Canada over seven years. The EU
is calling on Canada to improve intellectual property rights (IPR) to
meet international standards as part of the negotiations.
"Canada's pharmaceutical industry is doing all it can to attract
investment. But it cannot do it alone," said Perrin Beatty President
and CEO of the Canadian Chamber of Commerce. "This report shows that
the European Union and many jurisdictions provide better intellectual
property protection and, as a result, offer a more advantageous
investment climate. Canada must keep pace if we want to fulfill the
promise of creating jobs and investment in our pharmaceutical sector."
"Intellectual property reforms previously made by the federal government
have resulted in tremendous investment and growth to Canada," said Bob
Weese, Vice President, Government and External Relations of GE Canada
and Chair of the CIPC." In the past few years, we have seen that the
time and investment needed to discover, develop and bring to market new
medicines have significantly increased, and our intellectual property
framework has not kept pace with this change."
The report's findings build on the recent work of the Coalition for
Action on Innovation in Canada, an organization of leaders from
business, academia and the research community. In October, the
coalition called on Canada to adopt "the world's strongest intellectual
property regime" as part of a 10-point action plan to promote job
creation and economic prosperity.
"Today's report by the Canadian Intellectual Property Council offers a
well-researched analysis of the problems facing innovators in this
country, and a clear set of recommendations that would help us to close
the innovation gap," said John Manley, President and CEO of the
Canadian Council of Chief Executives and co-chair of the Coalition for
Action on Innovation.
Among the report's conclusions:
Patient care is best served by making new innovations available.
New medicines save valuable dollars by helping to reduce the number of
expensive hospital stays and surgeries.
Global investment in the pharmaceutical industry is very portable and
competitive. A stable and internationally competitive intellectual
property regime is a key investment consideration.
Other advanced jurisdictions have stronger intellectual property regimes
that recognize the value of innovation.
Canada's existing patent protection has been further eroded by
Failure to improve and strengthen IPR safeguards will see opportunities
and jobs go elsewhere.
CIPC and the Canadian Chamber of Commerce
The Canadian Intellectual Property Council (CIPC) is a coalition of
business groups working together under the banner of the Canadian
Chamber of Commerce to improve Canada's economic competiveness by
ensuring the adoption of world-class intellectual property protection.
As Canada's largest and most influential business association, the
Canadian Chamber of Commerce is the primary and vital connection
between business and the federal government. It continually
demonstrates impact on public policy and decision-making to the benefit
of businesses, communities and families across Canada. Experience the
power of a network of over 420 chambers of commerce and boards of
trade, representing 192,000 businesses of all sizes in all sectors of
the economy and in all regions.
To read the report please visit: www.chamber.ca.
SOURCE Canadian Chamber of Commerce, The
For further information:
Director, Public Affairs
The Canadian Chamber of Commerce
613.238.4000 ext. 231