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Article: Effect of Recent Amendments of Indian Patents Act on Pharmaceutical Companies.
- Article from:
- Mondaq Business Briefing
- Article date:
- June 4, 2003
CopyrightCOPYRIGHT 2003 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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India's patent law was originally designed to suit a closed national economy. The Patents Act 1970 contained several provisions intended to support the domestic industry, especially the pharmaceutical industry, enabling it to enjoy a soft-patent regime. Until recently, the national patent law provided only for a very limited term of patent protection for process inventions in respect of 'food', 'drug' and 'medicines'. In addition, the old law also contained provisions for compulsory licensing and licences of right so that the Government of India could mandate patentees to compulsorily license patented inventions in certain circumstances.
These were some of the ...