Navigation Links
Indian pharma industry upbeat on WTO drug deal

Hailing the World Trade Organisation (WTO) drug deal as a positive development, the Indian pharmaceutical industry has said it will enable smaller and poorer nations to make full use of the flexibility in the WTO intellectual property rules in order to deal with diseases that ravage their population.

The WTO yesterday had approved a deal to let the poorer nations import cheaper generic drugs to fight killer diseases like AIDS, Malaria and Tuberculosis. //

The drug accord will plug a gap in the world trade law and allow poorer countries, unable to manufacture medicines domestically, to override international patents and import cheap generic drugs when required.

''The WTO drug deal is an historic agreement. Now people from the smaller and poor nations will get access to cheaper generic drugs and that too without any pre-conditions,'' a spokesman from domestic pharma major Ranbaxy Labs told UNI here.

Terming it as a positive development, he said the pact will benefit both the needy nations and the producers of such drugs. Sanat Products Ltd CEO Manoj Pahwa described it a gain for India.

''Besides benefitting us, the WTO deal will give India an edge over other developing countries in view of the cheaper production cost here,'' he added.

Mr Pahwa said the deal had put the focus back on the neediest and that is significantly important.

Indian Pharmaceutical Alliance Secretary General D G Shah said although the deal has been sealed, it is riddled with barriers which will make generic drugs more expensive.

''It appears poorer nations have accepted the conditions of the United States out of anxiety to reach a solution to their health problems,'' he added.

Other companies were more positive, however, noting that their worst fears that Indian firms might be excluded from this trade, had been allayed.

''I see it as a fairly balanced deal which does pro vide flexibility to the developing countries -- even flexibility to countries that aren't necessarily the poorest -- to address serious public health problems.

''It is really good news from the humanitarian point of view as it will serve a world of difference so far as treating dreaded diseases are concerned,'' observed Hyderabad-based Dr Reddy's Labs spokesman.
'"/>




Related medicine news :

1. Indian Prime Minister has successful Knee Replacement Surgery
2. Development of AIDS vaccine -- Chiron Corp in talks with four Indian cos
3. Indian Doctor granted US patent on organ regeneration
4. Heart attack kills one in every 10 Indians
5. Indian Cherry: Richest Source of Vitiamin C
6. Indian Nationals with Foreign Medical Degrees can now practice in India
7. An Indian Bride with signs of SARS
8. Are Indians aware of SARS ?
9. Indians Stay Away from Coke, Pepsi After Toxin Scare
10. Indian Treatment for Iraqi Babies
11. Indian Scientists Make Wide-Ranging Analysis And Annotation Of X Chromosome
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:12/9/2019)... ... 2019 , ... John V. Prunskis, MD., co-founder and co-Medical ... Human Services' (HHS) Pain Management Best Practices Inter-Agency Task Force (Pain Task Force) ... in Washington DC. , Hosted by the Alliance for Balanced Pain Management, the ...
(Date:12/9/2019)... ... 09, 2019 , ... Cocoa Beach is preparing to host its 10th annual ... Santa-themed gatherings. , What began as a simple family beach day a decade ago ... Now, ten years in, there’s no better place for Santa to loosen up as ...
(Date:12/6/2019)... ... December 06, 2019 , ... C&A Industries ... in employee learning. The Omaha-based company has been named by Training magazine to ... employer-sponsored training and development programs worldwide. Rankings of the 125 leading companies will ...
(Date:12/6/2019)... DENVER (PRWEB) , ... December 06, 2019 , ... Lasair Aesthetic Health Sponsors Toys for ... Five Units of Botox to Patients Who Bring in Toys During the Holidays , Lasair ... program. From now until Christmas, patients who bring in a toy or toys worth more ...
(Date:12/5/2019)... ... December 05, 2019 , ... ... high resolution ultrasound (HRUS) technology to help their patients more easily detect ruptured ... is participating in this study and reporting on his experience. While the FDA ...
Breaking Medicine News(10 mins):
(Date:12/14/2019)... CHATTANOOGA, Tenn. (PRWEB) , ... December 13, 2019 ... ... Randall help patients suffering from gum disease in Chattanooga, TN receive ... disease treatment into their practice, Drs. Felts and Randall provide effective gum disease ...
(Date:12/9/2019)... ... December 09, 2019 , ... Medpricer™, which ... across purchased services contracts, today announced its latest partnership with San Diego-based Sharp ... with four acute care hospitals, three specialty hospitals, three affiliated medical groups, 22 ...
(Date:12/8/2019)... ... December 07, 2019 , ... ... medical affairs, regulatory, and technology-enabled solutions, announced that MAIA Pharmaceuticals, Inc. (MAIA), a ... products has chosen Soterius and its partners in Europe, to support their regulatory ...
Breaking Medicine Technology: