Nagoya Protocol takes effect on 18th, impacting natural drug companies

The Nagoya Protocol on Access and Benefit Sharing(ABS), which regulates constraints to share benefits of using genetic resources, will take effect on the 17^th of August.

According to the ABS, a country using genetic resources must acquire approval from a country providing the resources. Moreover, benefits gained from using them(both financial and non-financial benefits) must be shared under an...