Wednesday, March 23, 2005

India passes patent bill on March 23

from BusinessWeek Online:

International aid groups slammed India's passage on Wednesday, March 23, 2005, of a new patent law that ends the decades-old practice of allowing domestic drug companies to make low-cost copies of expensive Western medicines, saying millions of poor people across the world will be affected.

The changes in patent rights stem from India's membership in the World Trade Organization, which enhances the country's participation in global trade but requires it to enforce stricter patent rules for its US$5 billion (euro3.8 billion) pharmaceutical industry.


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