outlookindia.com 2021-01-17T11:42:25+05:30
Around 2005, India turned into a favoured destination for foreign pharma companies to carry out human clinical trials for new medicines, vaccines and other treatments. Two things changed amendments in the patent law and clinical trial rules. From 2005 onward, clinical trials in India registered an exponential increase from 180 to 506 in 2010.
The Indian patent law was amended from ‘process patent’ to ‘product patent’ in January 2005 to comply with the World Trade Organisation’s Trade-Related Intellectual Property Rights (TRIPS) provisions. Under the process patent, Indian pharma companies had their own ways of manufacturing medicines developed by western pharma companies. Introduction of product patent stopped this manipulation and forced Indian firms to collaborate with western companies.
India China News: Covid-19 and India s trade dependency on China: Should we continue our ties?
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Africa: Group Files Petition to WTO for Universal Access to Covid Vaccine
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The East African
Monday December 14 2020
If pharmaceutical companies hold on to their intellectual property, the Covid-19 vaccine may become unaffordable for most people. PHOTO | FILE
Summary
Petition has asked all governments, WTO members and pharmaceutical companies to ensure access to lifesaving Covid-19 vaccines, treatments and equipment for everyone.
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The World Trade Organisation has received a petition calling for universal access to affordable Covid-19 vaccines.
The petition was delivered virtually by Avaaz, a global online citizen movement, on December 9. It has more than 900,000 signatures from individuals around the world.
The petition has asked all governments, WTO members and pharmaceutical companies to ensure access to lifesaving Covid-19 vaccines, treatments and equipment for everyone.