Impact of New Patent Regime in Medicine Scenario

Dr. Guru Prasad Mohanta

Abstracts: Medicines (or drugs used interchangeably) are the most important tool in saving lives, restoring health and preventing diseases and epidemics. It is impossible to think of modern heath care without involvement of medicines. In order to promote health, it is essential that the needed medicines are made available at all times at an affordable price. Pharmaceutical companies develop most of the medicines and research institutions contribute very insignificant numbers. As large amount of time and resources are spent on medicine development, it is argued and necessary too that the inventor must be offered opportunity to recover the resources spent and make some profits too. This motivates inventor to invest more and more in research and development in search of new medicines. Such an opportunity is offered under national patent laws providing exclusive manufacturing and marketing rights. The patent holder is at liberty to fix the price of his invention.


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