A Study of the Role of Government of India in Helping Indian Pharma Industry Cope...

European Journal of Economics, Finance and Administrative Sciences ISSN 1450-2275 Issue 13 (2008) © EuroJournals, Inc. 2008 http://www.eurojournalsn.com A Study of the Role of political science of India in Helping Indian Pharma Industry Cope up with the Challenges of Product Patent Regime Neeraj Dixit IES Management College, Bandra(W), Mumbai, India Tel: 91-22-26551616; Fax: 91-22-26551818 E-mail: dixitneeraj20012003@yahoo.co.in summary India has implemented the Product Patent regime from 1st January 2005. antecedently for the past 35 years India had Process Patent which allowed Indian pharmaceutical Companies to Copy molecules of Multinational pharmaceutical companies and sell them below their brand names. The arrival of the Product unpatterned meant that Indian Pharmaceutical Companies could no longer Copy molecules. This has created lot of problems for the Indian Pharmaceutical companies as their own R&D for new molecules is at a very nascent stage. The purpose of this paper is to get wind out what are the expectations of the Indian Pharmaceutical companies from the Indian administration to help them cope up with the challenges of the Product Patent regime.

The exact finds out that although majority of Pharma companies are satisfied with the efforts of Goernment of India in helping them cope up with the challenges of product patent regime, still there were lot of areas where they expect help from the Government. The drive finds out that relaxation in Drug Price go out order, giving incentives for R&D and taking decisions regarding Data Exclusivity, haughty Licensing & Incremental Innovation were the main issues in which Pharma companies expect help from the Government of India. Keywords: Research & Development (R&D), Intellectual property Rights, Drugs. JEL Classification Codes: O30, O34, L65 1. Introduction The Indian Pharmaceutical industry has transformed itself over the past three decades in India, being almost non alert till 1970s, to now being a... If you want to get a full essay, order it on our website: Orderessay

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