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Drug Patent Laws

Created by : Sanjay Saha, Product/Brand Manager, Dr Reddy Labs  | 10 14 2008 17:02:03 +0000
Industry : PharmaceuticalsFunctional Area : Business Policy(Strategy & Execution)
Keywords : Laws Patent Drug Patent Laws
Activity:  611 views;  last activity : 07 06 2010 20:18:09 +0000
Should the pharmaceutical patenting system be liberalised. Whilst every country has its own patenting laws, international regulation for WTO members has since c1994 been organised by TRIPs (Trade Related aspects of Intellectual Property rights), which sets minimum standards for such laws. TRIPs allows breaking of patents in certain circumstances by government use of alternative manufacturers, so long as the patent holder is compensated, a system termed ‘compulsory licensing’ – involuntary patent transfer. Importation of generic drugs is only possible under emergency conditions, so debate hinges on how liberally this loophole is interpreted.
  
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I support dat system must be liberalised and it is like dat only. e.g Roche Vs. Cipla. In this case inspite patent being force, supreme court allowed Cipla to manfasture and sell the anticancer drug. Jus on the grounds dat it is the top 10 disease
By Rahul Garkhedkar, Patent Analyst, CSIR-URDIP  | 07 24 2009 09:41:39 +0000
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The monopoly power given to Western, multinational companies by patents is economically and morally misguided. Such power allows companies to potentially manipulate markets to their own advantage, and exploit legal loopholes to remain dominant.
By Sanjay Saha, Product/Brand Manager, Dr Reddy Labs  | 10 14 2008 17:02:03 +0000
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Protection of intellectual property rights, both nationally and internationally under the TRIPs system, is a legal necessity if companies are to continue to develop new products. Cheap generic alternatives simply would not exist without the original costly research having been carried out. It is just to compensate and reward such innovation, as in any industry.
By Ajoy Mondal, Product/Brand Manager, Ranbaxy Labs  | 10 14 2008 17:03:11 +0000
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