Latest TPP Draft Benefits Big Pharma By Slashing Access to Generics

In secret talks, the Obama administration is seeking to foist corporate-friendly policies on other countries that he has opposed in the United States, new reporting reveals

by Sarah Lazare, staff writer

With another round of Trans-Pacific Partnership negotiations slated for the end of this month, the administration of President Barack Obama is aiming to force developing nations to adopt Big Pharma-friendly policies that are so bad for public health Obama himself has opposed them in the United States.

Citing leaked drafts of the agreement, as well as officials "familiar with the latest May 11 version," Bloomberg journalist Peter Gosselin reported Friday that the deal is likely to include provisions that are almost certain to hike medicine costs while slashing access to generic drugs around the world: "At stake: hundreds of billions of dollars or more in extra costs that consumers may have to pay if the proposals make it harder for cheaper generics to win approval."