Wednesday, August 7, 2013

Blame Canada?

Really? Eli Lilly & Co. is suing Canadians 'cause the Indy-based company didn't make enough profit?

Seems that "under the North American Free Trade Agreement (NAFTA), a company can sue another NAFTA country if that nation’s laws affect its expected future profit. In this case, Eli Lilly is 'losing profit' because Canadian regulators dared to act within Canadian laws and rightly denied patents on two of Eli Lilly’s expensive drugs."

Read the whole thing here: Eli Lilly is Suing Canadians for $500 Million.

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