PHARMA INDUSTRY, PATENTS AND WTO REGIME
Goswami, Associate Professor, Institute of Technology & Science,
atents and patent strategies are playing a bigger role
in information technologies as
biotechnology and life sciences, telecommunication, the internet and computers. These
into every nook and corner, entering all aspects of
from food and medicine to video conferencing
travel itinerary on the web.
new products and services offered use technologies from previously segregated markets.
As a result, the nature of competition among businesses is changing.
The process of liberaliz
ation initiated in 1991 has helped
develop policies that are hooked
to get capital from abroad, FDI in particular. India is making her niche felt in the global
market for Pharmaceuticals
standards and prices. R &D is important in t
his scenario to get a competitive edge
then patent protection is also
important for the future of
Indian Pharmaceutical Industry.
companies are acquiring interests in other companies
process collecting new skills
companies, even former competitors
and arch enemies
are partnering with each other. In such a situation, patents hinder
competitors from using the developed technology; it is also a shield to preempt others
from any aggression moves. Ho
in general there are worries
consequent price rise, R&D, FDI, technology transfer and the like.