The article also quotes that this has changed in the last 7 years and adds more subtlety to the issue.
"But in 2005, India brought its law in line with World Trade Organization (WTO) rules recognising 20-year patents, pushing up the prices of newly launched drugs.
Cipla, India’s fourth largest pharmaceutical company by sales, has been pressing the government to allow widespread use of “compulsory licences”, which are permitted under WTO rules.
The licences allow companies to make existing life-saving drugs to sell in countries where they are otherwise priced out of reach."
While product design is important, availability of a strong manufacturing supply chain is also important. India's role in pharma is similar to what China provides for regular manufacturing.
Comments
The article also quotes that this has changed in the last 7 years and adds more subtlety to the issue.
"But in 2005, India brought its law in line with World Trade Organization (WTO) rules recognising 20-year patents, pushing up the prices of newly launched drugs.
Cipla, India’s fourth largest pharmaceutical company by sales, has been pressing the government to allow widespread use of “compulsory licences”, which are permitted under WTO rules.
The licences allow companies to make existing life-saving drugs to sell in countries where they are otherwise priced out of reach."
While product design is important, availability of a strong manufacturing supply chain is also important. India's role in pharma is similar to what China provides for regular manufacturing.