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:4/21/2017)... PA (PRWEB) , ... April 21, 2017 , ... ... firm in Allegheny County that offers services to communities throughout the greater Pittsburgh ... in a charity drive to provide adaptive bicycles for differently-abled children. , Variety ...
(Date:4/21/2017)... ... ... The Patient Advocacy Community of The Beryl Institute presented Eve DeVaro, Director, ... Advocacy Award in recognition of her extraordinary contributions to the field of patient ... Beryl Institute’s annual Patient Experience Conference on March 20 in Denver, Colorado. ...
(Date:4/21/2017)... ... 21, 2017 , ... Crossover Symmetry , an evidence ... active lifestyle company that provides Human Performance Training and education to tactical athletes. ... responders, military officers and others in service through the development and conditioning of ...
(Date:4/21/2017)... ... 2017 , ... Airway Management, the medical device manufacturer of ... and well renowned Asian distributor, Discovery Sleep. The agreement involves the ... and will stabilize and strengthen Airway’s presence with a dedicated, reputable medical device ...
(Date:4/21/2017)... ... April 21, 2017 , ... ... candidates to serve on its Accreditation and Standards Committees to support the ... is improving image quality and reducing patient radiation dose,” reports Eliot Siegel, ...
Breaking Medicine News(10 mins):
(Date:4/19/2017)... , April 19, 2017  New research provides evidence that ... Parkinson,s, according to a study released today that will be ... Meeting in Boston , April 22 ... the treatment of Parkinson,s disease, the oral drug levodopa has ... and longevity. But as the disease progresses, the effects of ...
(Date:4/18/2017)... Ohio , April 18, 2017  Cardinal Health ... Non-GAAP 1 fiscal 2017 earnings per share (EPS) ... and 2019.  This is in conjunction with this morning,s ... Deep Vein Thrombosis and Nutritional Insufficiency businesses. ... from continuing operations will be at the bottom of ...
(Date:4/18/2017)... 2017 Research and Markets has announced the ... to their offering. ... arthroscopy devices market to grow at a CAGR of 6.35% during ... Market 2017-2021, has been prepared based on an in-depth market analysis ... and its growth prospects over the coming years. The report also ...
Breaking Medicine Technology: