In recent times, there have been controversies involving the Indian Pharmacy sector being accused of infringing IP rights. With this reference, consider the following:
In recent times, there have been controversies involving the Indian Pharmacy sector being accused of infringing IP rights. With this reference, consider the following:
1. Product Patent
2. Process Patent
The Indian laws make provisions for which among the above?
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2
Only 2
In India only process patent are given to medicines and not product patents. Process patents stop the Indian Pharmacy companies by manufacturing any medicine using the process patented by the Inventor company, whereas product patent stops them from manufacturing those medicines altogether. There have been various court orders and govt orders denying product patents as many lifesaving drugs would cost very less when manufactured in India compared to the foreign pharmacy companies.