Pharma Companies File 15% of Patents in India

Dec 2022

The Indian Pharma industry is primarily known for its Generic Drugs. But recently, to push its value higher in the market, the Indian pharmaceutical industry is investing more in research and development of new drugs along with increasing the potency of the existing ones to move up the value chain.

From 2013-2015, out of the 1.3 lakhs patent submitted for a certain drug, more than 15% of the total amount was filed in India as per the report issued by Clarivate Analytics.

The Indian Pharmaceutical companies have witnessed a steady growth of their industry in the past few years which have eventually helped thousands of companies to grow. The reason behind this can be the flexibility of the government and minimized competition from the overseas market.

Now, the industry is forced to reopen its business models and long term strategies as it enters the global trade market. And due to this rising competition, the protection of the intellectual proper is also increasing at the same time.

Constant efforts are being made to curb the weak enforceability of the patents. Now, the Indian government is working towards introducing a new patent law that will consider the technological advancement a factor along with staying in par with the global market.

Concerning pharmaceuticals, on account of substances planned for utilize or equipped for being utilized as nourishment, medications or meds or substances created by compound procedures, licenses are conceded uniquely for the procedures of assembling of such substances and not for the substances themselves. Thus, pharmaceutical items are right now not allowed patent assurance under Indian law.

India had an item patent system for all innovations under the Patents and Designs Act 1911. Be that as it may, in 1970, the legislature presented the new Patents Act, which rejected pharmaceuticals and agrochemical items from qualification for licenses.

This prohibition was acquainted with split away India’s reliance on imports for mass medications and definitions and accommodate advancement of a confident indigenous pharmaceutical industry.

Recently, the Indian pharmaceutical industry has signed a contract with as many as 55 research organizations along with multination pharmaceuticals companies in terms of drug development, M&A deals, and drug manufacturing supply, drug development and commercialisation of the drug.

As of now, the industry is focusing more on manufacturing drugs for diabetes, epilepsy, dermatology, antibacterial, inflammation along with multiple infection variants as well as oncology.

Trending Blogs
Evaluation Intellectual Property Rights
Intellectual property has always existed since the dawn of time but there were no laws in place for their protection. Intellectual property is intangible asset, be it music, creative writing, arts, discoveries, inventions and development of unique words, symbols and artwork. Intellectual property rights is a generic term that covers copyright, industrial design, trade secrets, […]
Read More
Pharma Companies File 15% of Patents in India
The Indian Pharma industry is primarily known for its Generic Drugs. But recently, to push its value higher in the market, the Indian pharmaceutical industry is investing more in research and development of new drugs along with increasing the potency of the existing ones to move up the value chain. From 2013-2015, out of the […]
Read More
Color Trademarks in the Pharmaceutical Industry
The trademarks are vital part of company goods or service and with help of trademark; the consumers are able to identify the business better. Before deciding the correct trademark option for pharmaceutical industry, it is necessary to check for its existence. If any similar one is already present in the trademark database, it is better […]
Read More
An Overview of Copyright
WIPO defines copyright as the right of creators to ownership of their creations and to make use for commercial or other purposes. Copyright today covers literary creations, printed material, computer programs, data, audiovisual media, dance, paintings and drawings, photographs, sculpture, architecture, ad material, technical drawings and others that are the outcome of intellectual effort. From […]
Read More
Copyright in the Digital World
These days, there is an increased use of smartphones, computers and tablets and multimedia has shown its great influence in our lives. In the digital world, there are several works used by us. Have you thought whose work are we using? Well, none of us have tried to find out the owner of the work […]
Read More
Need for Kashmiri Saffron to get the GI tag
The Kashmiri Saffron has been given geographical indication tag recently from Lieutenant Governor G C Murmu. The acquiring of GI tag is a step ahead in bringing the brand among the list of top ones. The tag has been given for the saffron grown in Kashmir. In this regard, it can be said that the […]
Read More
Music Law 101: What Does Copyright Law Protect?
Music Law 101 is all about protecting different musical works along with sound recordings to its original creator. As copyright can be a confusing part, it is better to know what all it protects so that it becomes easy. It is known that each piece of recording has two types of copyrights. First, it protects […]
Read More
Alibaba IPR Report Shows Ideal Brand Protection Program
As per sources, e-commerce giant, Alibaba group has successfully gained success using intellectual property rights-protection. The giant has been able to offer quality service due to well integration of the latest technological improvements coupled with partnerships with top-rated brands. Also, external stakeholders assisted the giant in offering quality service to proactively monitor, go through rights-holders […]
Read More
Breaking News: Toyota Loses Trademark Battle over Prius at Indian Supreme Court
The plaintiff, in this case, is Toyota Jidosha Kabushiki Kaisha and they seek to prevent the defendant, a spare parts supplier by the name M/S Prius Auto Industries Limited, from the usage of the trademarks- “Toyota”, “Innova”, and “Prius”. According to the finding of the court, two of the three trademarks mentioned, namely Toyota and […]
Read More
Protection Folklores India Intellectual Property Rights
India is a land of diversity when it comes to folk and ethnic culture with hundreds of ethnic, linguistic and religious groups with diverse origins and lifestyles that, over time, intermingled in part and remained untouched in parts over centuries. Perception about folklore differs in India, mainly associated with tribals and simple rural people, rather […]
Read More
Download Firm Profile