menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Business News

>

Patents: N...
source image

HinduBusinessLine

6d

read

467

img
dot

Image Credit: HinduBusinessLine

Patents: Navigating innovation and access in India 

  • India enacted the Patents Act 1970 to support domestic innovation and establish a robust pharmaceutical sector by initially recognizing only process patents.
  • In 2005, India amended its patent law to align with TRIPS obligations, integrating flexibilities to balance innovation rewards and access to life-saving medicines.
  • Amendments introduced safeguards like granting patents to genuine innovations, avoiding evergreening, allowing early generic launches, and a robust pre-grant opposition mechanism.
  • Despite changes, the industry has shown growth with rising patent filings and the pharmaceutical sector's increased competitiveness, demonstrating India's global leadership in using TRIPS flexibilities for public health.

Read Full Article

like

15 Likes

For uninterrupted reading, download the app