Extract from “TPP needs significant structural changes to reap benefits”

On Intellectual Property (IP), ISIS said the impact on prices of medicine would be minimal when the agreement comes into force.

It said there was a data exclusivity (DE) period of five to eight years for biologic drugs, but this impact may not be significant since an 18-month access window safeguard applied.

“Malaysian consumers may incur increased burden from additional royalty payments to foreign content creators amounting to US$115 million a year due to copyright extension from 50 to 70 years for books, music and films,” it said.

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