parallel importing


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parallel importing

n
(Commerce) the importing of certain goods, esp pharmaceutical drugs, by dealers who undersell local manufacturers
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References in periodicals archive ?
Parallel importing business will be the new growth point for sales of new vehicles.
With parallel importing and reference pricing in Europe; and political, payor and public pressure on drug prices escalating in the US; and diverse reimbursement environments across the globe; strategic pricing has never been of greater strategic importance to drug's bottom lines.
The parallel importing was ruled illegal because the company did not have Cussons' consent to source the product from outside the EU.
Parallel importing describes a practice whereby a country imports goods for resale without authorization from the original seller.
Apparently paragraph (b) refers primarily to parallel importing of medicines made by the patent holder and sold by the patent holder at discount elsewhere in the world.
The working paper envisages the changes there will be if parallel importing is allowed, eliminating this protection.
194) First, the patentee may prevent the, buyer from parallel importing by contract, wherein the buyer may not resell the goods in Japan.
With TRIPS greatly constraining countries' intellectual property policy options to lower drug prices, consumer and public health advocates, as well as a few developing country governments, began to turn their attention to two TRIPS-legal policy tools: compulsory licensing and parallel importing.
Parallel importers are engaged in determined lobbying in Switzerland to ensure that revisions to the country's patent legislation will allow the parallel importing of branded medicines, much to the consternation of the Swiss pharmaceutical industry.
Parallel importing of drugs was not included in the 2003 reform, but a number of state and city governments are developing plans to purchase drugs from overseas.
He said no major wholesalers had grasped the opportunity of the 24m [pounds sterling] relaunch of Heineken, and cited parallel importing as an ongoing issue in the way of discussions with wholesalers about securing promotional investment that was also on offer to the multiple grocers.
Under pressure, the Clinton administration retreated from its longstanding, aggressive opposition to developing country efforts to undertake compulsory licensing and parallel importing.

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