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Strategies & Market Trends : India Coffee House

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To: Senor VS who wrote (3620)	1/31/1999 9:39:00 PM
From: Mohan Marette	Read Replies (1) of 12475

Product patents-A bittersweet pill Ravi: Implications (for domestic and multinationals) of the impending implementation of Product Patents for Pharmaceuticals and Agricultural products. A must know for people interested in investing in this segment even though the bill when passed wont be effective until 2005 I believe.The law is to comply with WTO stipulations and India being a signatory has to implement the bill to comply with the agreement. ============================ Indian pharma companies must look at the opportunities ahead rather than worry about the impending threats Will it prove to be the right prescription? That is the question uppermost on the minds of everyone in the Indian pharmaceutical industry as India moved one step closer last week to putting in place product patents for pharma and agrichemical products in line with the Trade Related Intellectual Property Rights (TRIPS) provisions of the World Trade Organisation (WTO) agreement. With the Union Cabinet promulgating an ordinance to amend the Indian Patents Act of 1970, the whole issue of patents has come to the fore once again with a bang......... cmots.com

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