Bill Type
Congress Name
Long Title
AN ACT AMENDING REPUBLIC ACT NO. 8293, OTHERWISE KNOWN AS THE INTELLECTUAL PROPERTY CODE OF THE PHILIPPINES, TO LOWER THE COST OF DRUGS AND PHARMACEUTICAL PRODUCTS AND FOR OTHER PURPOSES
Date filed
July 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB00498 | |
| FULL TITLE : AN ACT AMENDING REPUBLIC ACT NO. 8293, OTHERWISE KNOWN AS THE INTELLECTUAL PROPERTY CODE OF THE PHILIPPINES, TO LOWER THE COST OF DRUGS AND PHARMACEUTICAL PRODUCTS AND FOR OTHER PURPOSES | |
| ABSTRACT : One of the impediments to the implementation of the Generics Law is that drug manufacturers have to wait for a long period for the patent of medicines to expire before they are allowed to manufacture low-priced drugs. To enable the government to control the prevailing price schemes of drug companies and to support the fledging local drug industry, the bill seeks to shorten the patent period of drugs and to institutionalize compulsory licensing. | |
| PRINCIPAL AUTHOR/S : PINGOY, ARTHUR "DODO" JR. Y. M.D. | |
| DATE FILED : 2004-07-01 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Espino (025 ) | 2. Marcoleta (070 ) |
| ACTIONS TAKEN BY THE COMMITTEE | |
| MOTHER BILL: HB06035 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON TRADE AND INDUSTRY ON 2004-07-27 |
Abstract
One of the impediments to the implementation of the Generics Law is that drug manufacturers have to wait for a long period for the patent of medicines to expire before they are allowed to manufacture low-priced drugs. To enable the government to control the prevailing price schemes of drug companies and to support the fledging local drug industry, the bill seeks to shorten the patent period of drugs and to institutionalize compulsory licensing.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.