Saturday, March 28, 2020

Human intellect put to test: COVID-19

The declaration of coronavirus as a pandemic by World Health Organizations (WHO) on 11th March 2020 has captured the world’s attention. Coronavirus (COVID-19) is a new pressure on the world that was discovered in 2019. Almost all countries are overwhelmed by the rate at which COVID-19 is spreading within their territory; the pressure is hard given the lack of medical facilities and equipment. WHO is committed to helping affected countries and as of today they have shipped almost 1.5 million test kits to over 120 countries. Like many other countries, Namibia has reported cases of COVID-19 and in response; the government has declared a state of emergency in response to the outbreak of the virus. The government has put up measures in place to make sure the novel virus 
is contained and its spread is mitigated, which is a praiseworthy action. 

There is no specific drug/vaccine available now for this deadly disease. The world is trembling; almost every day a new case is reported around the globe, some countries have decided to close off their borders and ban flights from affected countries as measures to mitigate the spread of the virus. COVID-19 poses risk on the company’s workforce resulting in absenteeism due to illness, loss of skilled workers, loss of customers and most importantly potential loss in profits. Notwithstanding all measures and controls, some courses of action toward the possible drug/ vaccine should be initiated. Some questions of interest are; who will make the vaccine or drug available? 
What are we doing back in our research centers and laboratories? 
Do we wait for the drugs from the West? 
The situation is getting worse every day and we should acknowledge that the human intellectual ability is put to test.

A human being is a perfect image of God and our ability is that of God creator, so we can create (invent) the drug/vaccine for this virus and I am of the high conviction that crises of this kind can bring out the best of us.  From intellectual property (IP) perspective, the urgency of discovering coronavirus potential drugs should not be propelled by the obsession of getting the solution to the crises (coronavirus) alone, but also by the IP that will be gain upon a successful invention. IP refers to properties created as a result of the human intellect. Patent as a form of IP is the most relevant in this context; it is an exclusive right conferred to an inventor for inventing a new invention that can be a solution to a problem in the field of science and technology particularly a solution to coronavirus. 

The inventor exploits the invention for a prescribed duration and the logic behind IP is to reward the inventor for the work. Many can agree that work without incentives is antithetical to human nature and if a human could be compensated the same for doing something and doing nothing, they could probably do nothing almost every time. An inventor may take out a patent for any drug/vaccine that may cure coronavirus and may exploit the invention. It is high time we consider inventing the coronavirus drugs.

Researchers all over the world are working on developing a vaccine for coronavirus, they are even working in competition with each other. Each team wants to be the first to develop a vaccine so that they can secure a patent and get immensely rich. The national health emergency as declared by the Head of State, on its own is a clear summon of our ability to solve the calamity. Hence, it is time for local scientists, researchers, pharmaceutical companies and biotechnology experts to team up with the government and conduct research and development (R&D) with the main objective of developing a treatment for coronavirus. During the R&D, all the available pharmaceutical patents (including those that are not yet in the public domain) can be used without the permission of the rights holder for  the experiment to come up with a drug/vaccine for the coronavirus.

It is more beneficial to do research and subsequently manufacture the drugs/vaccine within the country compared to importing drugs because the drugs/vaccine can fast be made available to the user or hospitals and probably at a much better price. Also if a drug/vaccine is developed through collaboration herein described, the inventors including the government can jointly own the Patent (a constitutionally recognized property, article 16 of act 1/1990) and share the benefits thereof. Other countries may also seek to purchase a license of the patent which in turn contributes to the national economy.
Making use of pharmaceutical drugs or products that are protected under patent law during this difficult time should not be a concern at all because our laws made some exceptions. Namibia is a member of the World Trade Organisation (WTO) and a signatory to the Doha Declaration on Trade and Related Aspect of Intellectual Property rights (TRIPs) and Public health. The agreement in Article 31 provide flexibilities to access pharmaceutical drugs under patent during National health emergencies. These flexibilities have been correctly adopted in our national laws.

Hence, during this period, where any drug (coronavirus vaccine) is developed and a patent is secured in Namibia, the government can apply for a compulsory license as required by section 57 of Act 1/2012 (Industrial Property Act). In addition to a compulsory license, another option is the exploitation of the patented invention by the Government or person authorized by the Government to make use of the patents as required by section 63 of the same Act. Our laws allow the grant of “compulsory licenses” to third parties or for government use, without the authorization of the right holder. These options applied where a national emergency or circumstance of extreme urgency has arisen, including a public health crisis, which requires the use of the patented invention. This means that any patented invention may be used for a crisis like this one, at a minimal amount of money, and the drugs/vaccine can easily be disseminated for use.

From the IPR desk, while we remain calm and follow all guidelines as issued, as a country, we have the option of researching and exploiting intellectual property rights in the development of a vaccine for coronavirus. IP is what drives us to solutions, it is just a matter of testing our capabilities and gaining trust in science as a nation and the global health crises can be over.

By:

Onesmus K Joseph - ACIS/BAP/CFIP/PPL

MPHIL Candidate - KNUST (Kumasi; Ghana) 
Governance Professional
josephonesmus@yahoo.com

Thursday, March 19, 2020

Intellectual Property (IP): A Perfect marriage of law and business


With the prevailing conditions of the fourth industrial revolution where business sectors are faced with challenges of vicissitudes in technology such as Artificial Intelligence (AI), Robotics and Smart Computers among others. Industries have to think around the clock on how to reciprocate for the changes, and to remain relevant in the market. Smart innovation should be the order of the day, and we should protect them under Intellectual Property law.  Intellectual property regime provides protection of the intellectual capital (Patents, Trademarks, Industrial designs, and Copyright) against infringers that many business communities cherish because it gives them a monopoly-like kind of operation. Registering IP is not sufficient, we need to think of how to add value to our intangibles; be it software, books, music, industrial designs, trademarks etc.

Legitimately, when an IP is registered it becomes a tradable commodity that has a significant influence on an entity’s face value and can be used as collateral. The International Accounting Standards (IAS 38) requires intangible assets to be recognized in the statements of financial position provided that; the asset can be identified, controlled by the entity; and there is future benefit expected to flow into the business. It is the objective of the business to recover capital invested in research and development. Innovation costs can be very high, and it is unreasonable for a business to depend only on the static sale value of the invention as a means of recouping the invested capital.   

Through innovation, an entity gains competitive advantage for a specific period i.e. the duration of protection. For an inventive product to remain relevant in the market, it needs to be constantly improved so that it suits the market and to ensure it maintains a competitive advantage. We must understand that outdated IP tools and processes can increase a company’s exposure to risks. Thus, to adjust to new technology in the market, business sectors should focus on smart innovation in business strategies. 
A good example of consistent innovation is the Heineken Company, which has a threshold of 6% innovation rate, meaning their six percent of annual sale will come from innovation. Innovation should be at heart of every business because is important for its future success. 

For innovation to matter, it should be legally protected and be commercialized to its maximum. Intellectual Property (IP) assets have become the currency of businesses. It does not protect technology rights only, but it also helps with gaining competitive advantage; generation of revenue; and access to new markets. However, there is still a disconnection between the IP strategies and business strategies in most organizations. Organizations can commercialize their IP by licensing or assigning them out to other entities to gain royalties or revenue respectively. This will increase the market rate and access to other markets that Intellectual Property Rights (IPRs) holders could not when they self-exploit the IP. IP rights are territorial; hence, if you are planning to enter into an international market, it is important to protect such IP in that respective country, because it will keep infringers and free riders away. IP is a critical factor in ensuring revenue maximization of an organization and a well-sought means of commercialization. Furthermore, it helps an entity to remain stable and invest more in innovation.


By:

Onesmus K Joseph - ACIS/BAP/CFIP/PPL
MPHIL Candidate - KNUST (Kumasi; Ghana) 
Governance Practitioner

josephonesmus@yahoo.com   

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