Alckmin says he is against a bill that provides for the breaking of patents of weight loss pens
Brazil's Vice President Geraldo Alckmin expressed opposition to a legislative bill aimed at breaking patents for weight loss pens, Mounjaro and Zepbound, arguing it would deter investment and innovation.
On Thursday, Brazilian Vice President and Minister of Industry, Geraldo Alckmin, voiced his opposition to a newly proposed legislative bill that seeks to break the patents for two weight loss pen products, Mounjaro and Zepbound. This week, the Chamber of Deputies fast-tracked the bill, which designates these medications as having 'public interest', thus facilitating the potential for other companies to manufacture similar products once the patents are broken. Alckmin's comments highlight significant concerns regarding intellectual property rights in the pharmaceutical sector.
Alckmin emphasized the need for continuous innovation, predictability, and investment in Brazil's economy. During his remarks to journalists, he articulated that breaking patents would considerably undermine R&D incentives for pharmaceutical firms, suggesting that such actions would lead to decreased innovation within the country. His statement underscores a tension between the goals of improving public access to medication and ensuring the viability of pharmaceutical investments in Brazil.
The Vice President's stance contrasts sharply with arguments from legislators and certain sectors who support the bill, asserting that patent breaks would enhance access to essential weight-loss products for consumers. This ongoing debate represents a critical intersection of public health policy and economic interests, highlighting the complexities involved in balancing public health objectives with the need for a robust investment climate in the biotechnology and pharmaceutical industries.