EU Proposes Poor Country Compulsory Pharma Licensing

From Pierce Law IP News Blog:

"An initiative has been proposed to help the fight on some of the world's largest killers: HIV (AIDS), malaria, and tuberculosis. The European Commission has proposed a law that would force pharmaceutical companies to waive their patent rights on HIV, malaria, and tuberculosis drugs for generic drug producers that export them to developing countries. The procedure would require that the destination country notify the WTO for the drug and price. Then, the generic drug manufacturer would apply for the licenses to manufacture the drugs through a national authority."