Thailand fails to protect pharmaceutical patents

22 February 2013

Thai authorities are failing to protect pharmaceutical patents and creating an environment less attractive to investors. That is one of the conclusions of a new report published by global research and consulting firm GlobalData.

'Healthcare, Regulatory and Reimbursement Landscape - Thailand' warns that lax enforcement of patent regulations is "alienating American intellectual property laws". It concludes that the Thai government is "using generic pharmaceuticals to maintain low healthcare costs", adding that, "in April 2012, Thailand was placed on the 'Special 301' priority watch list by the Office of the United States Trade Representative (USTR), which identifies trade barriers to US companies and products caused by foreign intellectual property laws, regarding copyright, trademarks and patents".

Thailand's pharmaceutical market was estimated at $1.9bn in 2006 and is expected to reach approximately $8.9bn by 2020 with a compound annual growth rate (CAGR) of 11.7%.



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.