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1 results

  • 6 - Patent Philanthropy

  • from Part II - Boosting Low-Income Countries’ Capacities for Protecting Public Health
  • Edited by Haochen Sun, The University of Hong Kong, Madhavi Sunder, Georgetown University, Washington DC
  • Book:
    Intellectual Property, COVID-19 and the Next Pandemic
    Published online:
    17 December 2024
    Print publication:
    05 December 2024, pp 168-194
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  • Summary

    This chapter proposes the establishment of a Patent Philanthropy Initiative (PPI) as an alternative approach to equipping the global community with better preparedness for future public health crises. The United States Patent and Trademark Office (USPTO) would be called upon to administer the PPI. Pharmaceutical companies owning USPTO-granted medical patents would be required to contribute 1 percent of their annual post-tax profits accrued from their patented medicines to the PPI. Such financial contributions would then be deployed by pharmaceutical companies to promote public health in the United States and abroad through transferring knowledge, donating medical products, constructing facilities, training professionals, and facilitating public health education.