Post

IP shoe on other foot, Indian pharmas to sue MNCs

IP shoe on other foot, Indian pharmas to sue MNCs

Foreign Multinationals’ Patent Apps to be challenged
Indian Pharma Industry gets aggressive

Indian Pharmaceutical Alliance (IPA) Secretary-General D. G. Shah says that the Indian industry has decided to collectively challenge frivolous patent applications filed by multinationals.

According to Shah, 86 patents granted to multinational corporations by India for pharmaceutical products since 2005 were not breakthrough drug inventions, but only a minor variation of existing products. Under Section 3(d) of the Indian Patent Act, intellectual property claims related to modified versions of known substances are only permissible if it can be proved that the variation has significantly enhanced efficacy. The IPA claims that foreign companies

are filing these applicaitons only to extend the period of patent, commonly known as evergreening, by tweaking the molecules a bit.

Share

About Amritt

Who We Are

Small or big, your business will love our financial help and business consultations! We are happy when our clients are too… Actually, this is quite simple to achieve – because each time we help them in sorting out different accounting intricacies or save the day before filing the taxes, they are happy indeed! And so are we.   

We have over Twenty years of experience helping our clients succeed in India

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Blog
Page
Dictionary
Comparisons
Capabilities
India Business Guide
Services
Private
Speaking
Insights
White Papers
News
Newsletters
Clients
Case Studies
Companies In India
Webinars
Presentations
Industries