Underscoring the critical need for and value of American innovation, the Office of the United States Trade Representative (USTR) released last week the 2021 Special 301 Report. The report showcases how effective intellectual property protection and enforcement and related market access issues are essential to tackling current and future global health challenges.
The progress made over the last year is nothing short of incredible. Intellectual property protection has been essential not only to speed the research and development of new treatments and vaccines, but also to facilitate the sharing of technologies and information across borders to scale up vaccine manufacturing to meet global needs. Working together, we can continue to bring the benefits of biopharmaceutical innovation to patients around the world.
Required by the Trade Act of 1974, the annual Special 301 Report identifies foreign countries that deny adequate and effective intellectual property protection or fair and equitable market access for U.S. products. To view PhRMA’s complete 2021 Special 301 submission, please click here.