News Video | Policy | GPs | Hospitals | Medical | Mental Health | Welfare | Search

 

Capturing Value from Innovation Vital for NZ

Capturing Value from Innovation Vital for NZ

New Zealand’s innovative companies and research community must protect their breakthroughs, for the country to continue to grow its science based economy, a group of visiting IP and investment experts say.

Joseph Damond, Senior Vice President (International), Biotechnology Industry Association (BIO), Washington, Richard Kjeldgaard Deputy Vice President (Intellectual Property), Pharmaceutical Research and Manufacturers of America (PhRMA), Washington, and Joshua Funder, Partner, GBS Venues, Australia, have been talking to local high tech firms developing pharmaceutical and biotechnology products, discussing best practice policies for IP protection.

“Opportunities for cross border collaboration in medical research have never been stronger,” Mr Damond says.

“For smaller companies, start-ups and research institutes to attract funding and capture value from their innovative products and ideas, adequate intellectual property protection is vital,” Mr Damond adds.

“The current Trans Pacific Partnership negotiations are an opportunity to enhance and align IP protection across the Asia-Pacific countries involved,” Medicines New Zealand General Manager Kevin Sheehy says.

“These standards provide the certainty companies need to warrant investing in early stage New Zealand-based innovations. Unifying those standards across the Asia Pacific region will provide the level playing field needed to bring the benefits of new products to patients,” Mr Sheehy adds.

“New Zealand has a wealth of creative and innovative expertise and these great ideas need to be protected for the benefit of the country’s economy,” NZBIO CEO Suzanne Bertrand says.

Joshua Funder’s participation in the delegation is supported by AMCHAM.

ENDS



© Scoop Media

 
 
 
Culture Headlines | Health Headlines | Education Headlines

 

Scoop Review Of Books: Making History

Jock Phillips is a pioneering public historian who has sought new ways to communicate history to a wide audience. His autobiographical memoir is a fascinating account of how perceptions of history have changed through his career. More>>

New Budget Arts Funding: Fairer Wage For Grant Artists, Creatives In Schools

The vital contribution and huge value the creative sector brings to New Zealand is recognised in this year’s Budget with $11.157 million over four years for two new initiatives, the Minister for Arts Culture and Heritage Jacinda Ardern said today. More>>

ALSO:

Auckland Region MMR Change: Children To Be Vaccinated For Measles At 12 Months

The first measles, mumps and rubella (MMR) vaccination has been brought forward to 12 months from 15 months in Auckland because of the region’s measles outbreak. More>>

ALSO:

Tapu Te Ranga: Fire Destroys Main Building At Island Bay Marae

There was a large fire at the Tapu Te Ranga Marae in Island Bay early Sunday morning. Firefighters saved the meeting house, but the main building collapsed in the blaze and other surrounding buildings were compromised. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • CULTURE
  • HEALTH
  • EDUCATION
 
 
  • Wellington
  • Christchurch
  • Auckland