Comments
The US industry today said it is reviewing the order of the Supreme Court early this week that denied patent on Glivec, a cancer medication produced by Swiss drug maker Novartis, as Corporate America expressed dismay at the court verdict.
“We are aware of the Supreme Court decision and are reviewing the Court’s order,” the US Trade Representative spokesperson Andrea Mead told PTI.
“We look forward to continued engagement and successful collaboration with India on these issues,” Mead said when asked on the US position on the Supreme Court decision.
The US India Business Council (USIBC) expressed its unease over the Supreme Court on denying a patent on Glivec and said that this would impact innovation and investment climate in India at a time when the country needs foreign direct investment the most.
“Innovation requires the reward and protection of intellectual property. We are certain India’s leadership understands this, and that creating and maintaining an environment that inspires and enables innovation is in India’s ultimate, long-term interest.
“Such an environment is crucial if India is to attract investment in this or other highly complex sectors,” USIBC President Ron Somers said, expressing his disappointment over the court order.
The Pharmaceutical Research and Manufacturers of America (PhRMA) in a statement expressed disappointed with the Indian Supreme Court’s decision to deny a patent on Glivec.
PhRMA is Washington-based lobbying group for brand-name manufacturers, which benefit from patents that create monopolies.
“This decision marks yet another example of the deteriorating innovation environment in India. Innovation is critical in meeting unmet needs of patients and is particularly relevant in the context of changing healthcare systems,” said PhRMA President and CEO John Castellani.
In order to solve the real health challenges of India’s patients, it is critically important that India promote a policy environment that supports continued research and development of new medicines for the health of patients in India and worldwide, he argued.
“Protecting intellectual property is fundamental to the discovery of new medicines. The research-based pharmaceutical industry is committed to working closely with the Indian Government and other stakeholders to find appropriate solutions to this challenge,” Castellani said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.