Press Release, European Commission; European Commission steps up protection of European intellectual property in global markets
"The European Commission published today the latest report
on protection and enforcement of Intellectual Property Rights (IPR) in
third countries. While developments have taken place since the
publication of the previous report, concerns persist and a number of
areas for improvement and action remain to be addressed. Intellectual
property rights infringements worldwide cost European firms billions of
euros in lost revenue and put thousands of jobs at risk. Today's report
identifies three groups of countries on which the EU will focus its
action...
Industries that use intellectual property intensively accounted for some
84 million European jobs and 45% of the total EU GDP in the period
2014-2016. 82% of EU exports were generated by the industries
intensively using intellectual property. In these sectors, the EU has a
trade surplus of around 182 billion euros. Also, an estimated 121
billion euros or 6.8% of all imports into the EU, are counterfeit or
pirated."
Showing posts with label lost revenue. Show all posts
Showing posts with label lost revenue. Show all posts
Thursday, January 9, 2020
Saturday, March 24, 2018
How much has the US lost from China's IP theft?; CNN, March 23, 2018
Sherisse Pham, CNN; How much has the US lost from China's IP theft?
"The United States has long said that intellectual property theft has cost the US economy billions of dollars in revenue and thousands of jobs.
So just how much damage has it done?
The United States Trade Representative, which led the seven-month investigation into China's intellectual property theft and made recommendations to the Trump administration, found that "Chinese theft of American IP currently costs between $225 billion and $600 billion annually."
"The United States has long said that intellectual property theft has cost the US economy billions of dollars in revenue and thousands of jobs.
So just how much damage has it done?
The United States Trade Representative, which led the seven-month investigation into China's intellectual property theft and made recommendations to the Trump administration, found that "Chinese theft of American IP currently costs between $225 billion and $600 billion annually."
Tuesday, July 11, 2017
Why drugmakers aren’t sweating the next wave of patent losses; Bloomberg News via News Chief, July 10, 2017
Bloomberg News via News Chief; Why drugmakers aren’t sweating the next wave of patent losses
"Drugmakers plunged off a patent cliff earlier this decade, losing billions in sales as lucrative branded drugs lost exclusivity. An expensive lobbying effort aimed at preventing a repeat is paying off.
"Drugmakers plunged off a patent cliff earlier this decade, losing billions in sales as lucrative branded drugs lost exclusivity. An expensive lobbying effort aimed at preventing a repeat is paying off.
The loss of a series of key patents for cholesterol fighters and other widely used medicines cost big-name drug companies about $82 billion in sales between 2011 and 2013, according to life-sciences data company Evaluate Ltd., forcing large-scale job cuts and a wave of deals to make up for lost revenue...
By the time lawmakers passed a path to market for biosimilars as part of the Affordable Care Act in 2010, the industry had assured that competition would come much more slowly, making the resulting sales decline look less like a precipice and more like a gentle hill."
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