President Donald Trump’s executive order withdrawing the U.S. from a historic Pacific free trade agreement checked the box for one of his flagship campaign promises. But it leaves the biopharma industry in limbo over some key intellectual property issues.
The Trans-Pacific Partnership (TPP) would have set global standards on a host of business concerns among 12 nations that encompass 40% of the global economy. Among these concerns is “data exclusivity” for a class of a pricey, profitable drugs called “biologics” – treatments that use biological material and constitute some of the best-selling medical products in the world.
