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MFDS to prevent illegal patent extension by U.S. drugmakers

Published: 2013-05-02 07:00:00
Updated: 2013-05-02 07:00:00
The Ministry of Food and Drug Safety (MFDS) is considering proposing a bill to effectively block a brand-name manufacturer's tactical use of pharmaceutical patents to extend their intellectual property rights over highly profitable blockbuster drugs.

The country’s pharmaceutical companies will face tough times as the new Korea-U.S. Free Trade Agreement, which came into effect on March 2011, ...

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