November 11, 2009 6:20 PM

printer

Campaign against Indian generic drugs: India lodges protest

India today complained to the UN intellectual property rights body, that some multinational firms have launched campaign against country's pharmaceutical industry, which has broken their cartel in the generic drugs. The Commerce and Industry Minister Mr.Anand Sharma informed Francis Gurry, the Director General of Geneva-based World Intellectual Property Organisation, WIPO, that some international companies are still misleading the people on this count. He asserted this is happening despite the fact that the Indian generics, have brought a major change in the world. The commerce Minister asserted that there was a time when there was suffocating stranglehold of multinational drug cartels in the anti-retrovial drugs for HIV AIDS and it was Indian Pharma Industry which brought down the annual HIV AIDS treatment cost from 11,000 US Dollars to just 400 Dollars. Addressing an international conference on Innovations and Intellectual Property rights in New Delhi today, Mr. Sharma said India has a very strong intellectual property regime and the law covers the entire gamut, including copyrights, trademarks and geographical indicators. He said that India has finalised an agreement on traditional knowledge digital library (TKDL) with the US and expressed the hope that it will be signed soon. TKDL provides information on traditional knowledge existing in the country, in languages and format understandable by patent examiners at International Patent Offices.

Most Read
View All arrow-right

No posts found.