BIA submission to IPO consultation on Exhaustion of Rights
The BIA has responded to the IPO's consultation on the UK’s future exhaustion of intellectual property rights regime.
In our submission, we said:
- A national exhaustion regime allows patents to function fully to incentivise investment in R&D and business growth
- An international regime would downgrade the UK market for innovative medicines and increase the pull on innovative UK companies to locate activity in the US
- International exhaustion would discourage differential pricing, which supports patient access to medicines in low and middle income countries