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Where a full 15 year effective patent life is provided in Australia (i.e where the 5 year limit is not reached), the corresponding UK patent is granted a similar effective patent life. However, in these cases, the US patents always receive a shorter effective patent life as the US provisions aim to provide 14 years rather than 15 years. This situation changes, however, where the Australian animal models abuse zolpidem patent extension reaches the 5 year limit and is not provided a 15 year effective patent life. In these cases, the effective patent life in Australia is typically, though not always, shorter than fda trying to pull oxycontin that provided in the US and UK. The comparison above considers the length of the effective patent life, irrespective of the patent expiry dates.

Figure 5.14 and Table 5.5 show that the length of pharmaceutical patents extensions in Australia is the same as in the UK at the median and longer than in the US by 18 months at the median. Because these patents share the same filing date, these observations will also be true for the patent extension expiry dates. Figure 5.14: Difference in patent term extensions between Australia and other jurisdictions112 Table 5.6: Difference in extension length (and hence expiry date) between Australia and other jurisdictions animal models abuse zolpidem United States United Kingdom Mean 18 months 6 months Median 18 months 0 months The difference in regulatory (FDA and TGA) application dates is a significant factor in explaining the difference in the extension length and expiry date of extended patents between Australia and the United States. The mean difference in the dates of TGA and FDA application is 39 weeks. This, along with a mean difference of 12 weeks in the assessment timing, results in animal models abuse zolpidem a mean difference in regulatory approval dates of 51 weeks.117 5.11. Analysis of the length of extensions of term Encouraging and attracting investment in pharmaceutical R&D in Australia has been a key stated objective of the extension of term provisions. It is not clear, however, how the provisions achieve this objective, nor has the case been made in submissions to this review that they do in fact meet this objective.

The extension of term provisions provide increased certainty around the available return from the Australian market on investment in an industry characterised by high R&D costs and considerable technical uncertainty. However, pharmaceutical companies operate globally and can, and presumably do, conduct their no prescription xanax 2.0 mg R&D activities wherever it is most commercially favourable to do so. R&D location decisions may be made separately from marketing decisions. Key factors in R&D location decisions include the cost of conducting R&D and access to the necessary resources including expertise.

This reasoning is consistent with the views of Duckett et. cutting Australian drug prices might have a marginal impact on total, global pharmaceutical research. Investing the savings from lower drug prices in better healthcare, access to more drugs, in other services, or in tax reductions would almost certainly create a bigger positive impact.118 An important factor not considered above is the potential for pharmaceutical companies to use the location of R&D activities as a 'negotiating tool' with countries to ensure favourable policy settings.

These R&D activities provide economic benefits in the country in which they are located. Therefore, linking R&D location decisions with the animal models abuse zolpidem countries with the most favourable able phentermine viagra xanax market policies could be used as a mechanism to pressure nations in their decision making. Draft Recommendation 5 Option 5.1: The current model of using the patents system to subsidise pharmaceutical R&D indirectly should be replaced with a direct subsidy. To this end, the Government should reduce extensions of term for pharmaceutical patents and use part of the associated savings to fund R&D directly. Some hydrocodone ingerdients of this funding should be targeted to socially beneficial research for which patents provide inadequate incentives to conduct. Such areas include new antibiotics which, once developed, must be used as sparingly as possible to prevent the development of antibodies and pharmaceuticals to address rare diseases, paediatric illnesses and endemic health issues in low income countries.



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