Giving Away Trade Secrets -- A True Story
By Press
From Bloomberg, a story concerning, incredibly, a company giving up its trade secrets on purpose.
Gilead Sciences, Inc., maker of the world's best selling AIDS treatment, is offering to give its trade secrets regarding production of its drugs to generic manufacturers in India. According to the article, this is the latest step in the efforts of drugmakers to increase access to AIDS therapies, even if it means they won't get the sale. The approach builds on one pioneered in 2002 by former President Clinton seeking to drive down prices in developing countries by fostering more competition.
Other companies, including Bristol-Myers Squibb and Roche Holding, are seeking to make similar deals.
Gilead Sciences, Inc., maker of the world's best selling AIDS treatment, is offering to give its trade secrets regarding production of its drugs to generic manufacturers in India. According to the article, this is the latest step in the efforts of drugmakers to increase access to AIDS therapies, even if it means they won't get the sale. The approach builds on one pioneered in 2002 by former President Clinton seeking to drive down prices in developing countries by fostering more competition.
Other companies, including Bristol-Myers Squibb and Roche Holding, are seeking to make similar deals.
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