World Economic Forum: IP and Health Risk
The World Economic Forum’s Insight Report, “Global Risks 2013” (Eighth Edition) identifies “the current IP regime” as being a key factor in contributing to the problem of our increasing health risk:
Interestingly, respondents to the Global Risks Perception Survey connected antibiotic-resistant bacteria to failure of the international intellectual property regime. This global risk is defined in the survey as “the loss of the international intellectual property regime as an effective system for stimulating innovation and investment” – that is, going beyond the mechanisms of protecting IP to encompass the idea that the ultimate purpose of the IP system is to stimulate worthwhile innovation. The connection highlights a global market failure to incentivize front-end investment in antibiotic development through the promise of longer-term commercial reward, a failure which also applies to drugs to fight malaria and vaccines for pandemic influenza.
The report also addresses the failure of the IP regime to stimulate innovation:
Breakthroughs in antibiotic innovation will require pooling and sharing of knowledge among academia, private companies and government regulators.37 Companies and foundations like GlaxoSmithKline (GSK) and the Bill and Melinda Gates Foundation are pioneering an “open-lab” approach to research which refutes the idea that secrecy and patented monopolies are the bedrock of innovation. [p. 32]
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