Abstract

PHARMACEUTICAL INDUSTRIES AND PATENTING LAWS

Shatruhan Sharma*, Veena Sharma, G.S. Rajpurohit, Aastha Agarwal

ABSTRACT

Intellectual Property Rights offers trails for creating, circulating and executing newer techniques and innovations for human welfare, but patents in the field of life sciences have been a source of many controversies due to changing global health aspects, generic competition, price hikes, finely tuned regulatory analysis, extension into emerging global markets, increasing coalition and gains and a unrelenting economic slowdown. The most controversial patents are related to stem cells, diagnostic tools and rice genes. In present competitive scenario, questions about the impact of patents on access to medicines and health improving devices and on transfer of environmentally friendly technology every rank of society have been always raised. Present review will cover the most contentious patents worldwide to understand the various norms and laws regarding patenting in various countries.

Keywords: Intellectual Property Rights, Patents, Indian Patent Law, United State Patent Law.