The Indian Pharmaceutical Industry

Description

This study analyzes the impact of the revision of the Indian Patent Act (2005) on the Indian pharmaceutical industry, which has been achieving healthy growth over the past 30 to 40 years or more. As of 2005, the Indian pharmaceutical industry was ranked as No. 4 in the world in terms of volume and 15th in terms of value. WTO/TRIPS required India to revise its patent law, however, and to introduce product patents in the pharmaceutical field. Many not only in India but also in the world had argued that the local pharmaceutical industry could deteriorate once a strong patent law (such as a product patent) was introduced. However, the Indian pharmaceutical industry has continued to develop rapidly even after the revision of the patent law in 2005. This present study started with efforts to work out the reason the Indian pharmaceutical industry successfully expanded even after the introduction of product patents. The study found that a unique article (the so-called '3-d‘) inserted in the Patent Act 2005 might have played a role in diminishing or preventing a negative impact from the introduction of a strong patent system, such as a product patents. The study also considers that a change of the business model adopted by the Indian pharmaceutical industry might have contributed to diminishing the effect of the negative impact from the introduction of a strong patent law. This study also covers recent developments in India regarding intellectual property rights and the pharmaceutical industry. One is India’s very first compulsory license granted to an Indian pharmaceutical company, Natco, against the large German pharmaceutical firm Bayer; and the second is the Supreme Court decision on Novartis’ Gleevec. The study analyzes the fundamental problems that caused these two events: access to medicine and gaps in the concept of intellectual property in the pharmaceutical industry. As possible solutions to these fundamental issues, this book explores the ideas of voluntary licensing and tiered pricing. Front Matter ....Pages i-vii Introduction (Yaeko Mitsumori)....Pages 1-7 Historical Background and Current Status of Indian Pharmaceutical Industry and Indian Patents Regime (Yaeko Mitsumori)....Pages 9-35 Research Subject and Methodology (Yaeko Mitsumori)....Pages 37-40 Analysis of Preceding Studies (Yaeko Mitsumori)....Pages 41-51 Analysis of Indian Pharmaceutical Industry Indicators: Data Analysis (Yaeko Mitsumori)....Pages 53-74 Analysis of Patents Act Enforcement After Introduction of Product Patents (Yaeko Mitsumori)....Pages 75-91 Applicability of Section 3 (d) (Yaeko Mitsumori)....Pages 93-103 Conclusions and Future Challenges (Yaeko Mitsumori)....Pages 105-110 Back Matter ....Pages 111-120