Smart & Biggar uncovers and maximizes intellectual property and technology assets for our clients.
Today’s fast-paced innovation economy demands a higher level of expertise and attention to detail when it comes to IP strategy and protection. With over 125 lawyers, patent agents and trademark agents collaborating across five Canadian offices, Smart & Biggar is trusted by the world’s leading innovators to find value in their IP rights.
As market leaders in IP, Smart & Biggar’s team is on the pulse when it comes to the latest developments and the wider industry changes that impact our clients. To stay informed, visit smartbiggar.ca/insights, including access to our RxIP Update (smartbiggar.ca/insights/rx-ip-updates), a monthly digest of the latest decisions and law surrounding the life sciences and pharmaceutical industries.
On December 12, 2017, Ontario Bill 160, the Strengthening Quality and Accountability for
Patients Act, 2017, received Royal Assent. As
previously reported, Bill 160 enacts or amends ten statutes
(see News Release for highlights), including
enacting the Health Sector Payment Transparency Act, 2017
(Transparency Act). When in force, the Transparency Act will
require payors, including manufacturers of pharmaceutical or
medical devices, to report financial relationships with health care
professionals and organizations, as well as other prescribed
recipients. The reported information will be made publicly
available. Regulations, not yet released, will prescribe many of
the details, including the definition of a 'recipient', the
manner and frequency of reporting, and which transfers of value
will be exempted from reporting. The Health Sector Payment
Transparency Act, 2017 will come into force on a day to be named by
proclamation of the Lieutenant Governor.
The preceding is intended as a timely update on Canadian
intellectual property and technology law. The content is
informational only and does not constitute legal or professional
advice. To obtain such advice, please communicate with our offices
directly.
