This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/6933015.stm
The article has changed 4 times. There is an RSS feed of changes available.
Version 2 | Version 3 |
---|---|
India rejects Novartis challenge | India rejects Novartis challenge |
(about 1 hour later) | |
An Indian court has thrown out a challenge to the country's patent laws by Swiss pharmaceutical firm Novartis. | |
The firm wanted the law changed after its bid to patent a new version of its anti-cancer drug Glivec was rejected in April this year. | |
It argued the law - which bans new patents for modifications to existing drugs - broke world trade rules. | |
But the court in Chennai ruled it had no jurisdiction over the rules set by the World Trade Organization. | |
Novartis, which still has an appeal pending on the Glivec ruling, said it disagreed but would probably not appeal the decision until it saw the court's full judgement. | |
While Novartis has argued that the 2005 law threatens innovation, anti-poverty campaigners say that pharmaceutical companies can keep control of their drugs beyond the life of initial patents by patenting small modifications. | |
That, they say, means generic - and therefore cheaper - versions will take longer to get to the market. | |
Indian drug firms are among the world's leading manufacturers of generics, affordable by the country's poor. | |
"We disagree with this ruling, however we likely will not appeal to the Supreme Court," said Ranjit Shahani, vice chairman and managing director of Novartis India. | |
"We await the full decision to better understand the court's position." | "We await the full decision to better understand the court's position." |