ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Pharmaceuticals, WTO and Seattle Round

If the WTO philosophy is not to end up opening third world markets for big business at the cost of their hard earned technological capabilities, India needs to take a studied stand on several issues. Important among them is the need to ensure the inclusion of devices such as the Bolar provision and oppose the granting of exclusive marketing rights.

It is now fairly well established that    Indian drug prices at the retail level are    among the cheapest in the world. Several factors have contributed to this. But the most important ones have been price control and the process patent regime of Indian Patent Act 1970. The latter allows for process patents (called pejoratively reverse engineering by the elite business media of India).

What is the likely impact of TRIPS regime on the strengths of Indian drug industry? This question needs to be answered from an industry point of view and from the consumers perspective. From the industry point of view, that is, the non-MNC, Indian point of view, it is something like this:

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Or

To gain instant access to this article (download).


Pay
INR 59

(Readers in India)


Pay
$ 6

(Readers outside India)

Support Us

Your Support will ensure EPW’s financial viability and sustainability.

The EPW produces independent and public-spirited scholarship and analyses of contemporary affairs every week. EPW is one of the few publications that keep alive the spirit of intellectual inquiry in the Indian media.

Often described as a publication with a “social conscience,” EPW has never shied away from taking strong editorial positions. Our publication is free from political pressure, or commercial interests. Our editorial independence is our pride.

We rely on your support to continue the endeavour of highlighting the challenges faced by the disadvantaged, writings from the margins, and scholarship on the most pertinent issues that concern contemporary Indian society.

Every contribution is valuable for our future.