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THE PHARMA REVIEW (MAY - JUNE 2012)

Amendment of Patent Act and its Impact on Access to Medicine

Subhash C. Mandal

Preamble: Indian Patent act that been amended in 1970 was a paradigm shift from pre independence Patent act regime, which had allowed process patent and duration of patent was only for 7 years. On the basis of this act Indian pharmaceutical industry started to grow and reached one lakh crores during 2010-2011, which was only 10 crores during 1940. Presently India is exporting about 65000 crores of medicines to the whole world including developed countries. This has not only made India self sufficient in production of Drugs and medicines, but it also is a life line for poor countries and presently India is called as “Dispensary of the world”.

 

 

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