About My Health Careers Internship MedBlogs Contact us
Medindia LOGIN REGISTER
Advertisement

Kamal Nath Hails Court Verdict on Novaratis Patent Challenge

by VR Sreeraman on August 8, 2007 at 3:39 PM
Font : A-A+

Kamal Nath Hails Court Verdict on Novaratis Patent Challenge

Union Commerce Minister Kamal Nath has welcomed the Madras High Court's verdict of quashing Swiss pharma major Novartis' challenge to a patent law.

"Only one company had raised the issue. From the time the law was made, for the past two years, no one had raised any objections that it is not WTO compliant," Nath said on the sidelines of signing an agreement with Switzerland on intellectual property rights.

Advertisement

Nath said time had proved that the Indian law that denied patents for minor improvements to known drugs did not lead to any increase in prices.

"When this law was made, I had told in the Parliament that prices will not rise. It has been two years, and time is the biggest witness that the prices have not risen because of the law," he said.
Advertisement

The court rejected the challenge, saying it had no jurisdiction on whether Indian patent laws complied with intellectual property rules set by the WTO, as Novartis had questioned.

Novartis is expected to make a statement soon on the court order.

Novartis had filed a similar case against the South African Government in 2001, which tried to roll out HIV anti-retro viral drugs in its own country by granting licenses.

The Swiss company has said the Indian patent system stifles innovation.

Critics of Novartis say changes to the law would affect the supply of affordable anti-AIDS drugs from India, one of the biggest makers of generic drugs.

Novartis had moved the Madras High Court against a law that blocks the patenting of minor improvements in known molecules.

The Swiss pharmaceutical firm argued tightening of intellectual property laws would increase investment for developing more drugs.

Source: ANI
SRM/J
Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
News Category
What's New on Medindia
Breast Cancer Awareness Month 2021 - It's time to RISE
First-Ever Successful Pig-To-Human Kidney Transplantation
World Osteoporosis Day 2021 -
View all

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.


Recommended Reading
Novartis Challenge to Indian Patent Laws Fails
Novartis has lost its efforts to get an Indian court to declare that the country's patent laws are ....

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment. Full Disclaimer

© All Rights Reserved 1997 - 2021

This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use