;   Medical Translation Insight: Translations a key reason for broken European patent system - ForeignExchange Translations

Translations a key reason for broken European patent systemThe Economist's recent article Smother of invention is a somber read for any company filing patents in Europe. The article provides a couple of medical examples and concludes that the European patent system is highly ineffective.

One of the key reasons: Translations add no value but add plenty of expense. European patents cost up to 900% more than those in the U.S., Japan, China, or South Korea.

While there is plenty of support for a single "Community" patent, there is also plenty of opposition - primarily from member states and MPs who view this as one more substantial loss of sovereignty.

The article concludes that "resistance may be starting to melt" but it seems that we're still far away from a patent equivalent to the central procedure.

[Thanks to Renato Beninato for the tip!]


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