INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
While India signed the TRIPS Agreement, it led to lot of changes in the country’s patent regime. The two important provisions of Patents Act, 1970, were amended which was helping the generic companies for huge amount of benefit. While Product patents were introduced for pharmaceutical innovations, patent protection was provided for 20 years.
The Government of India while incorporating the TRIPS Agreement by amending two provisions in the Patents Act, which reduce the impact on the generic companies. The first change was done in Section 3(d) which does not allow patents by way of minor modifications in the existing product. The primary objective of this provision was to eradicate the chances or probability of ever greening of patents. Hence we understand that Section 3(d) ensures that public domain allows the generic companies to continue operating in the industry
Keywords:
TRIPS, INTELLECTUAL PROPERTY, PHARMACEUTICAL INDUSTRY, PATENT LAW
Cite Article:
"Challenges and Solution To Pharmaceutical Industry With Reference to Patent Laws", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 2, page no.d120-d123, February-2024, Available :http://www.ijnrd.org/papers/IJNRD2402312.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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