Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News News and Press Release Month 12 2018 2018 (12) This

Patented Medicines

31-12-2018
  • Contents

Compulsory licences are granted according to the provisions of the Patents Act, 1970 and the term ‘Mandatory Licence’ is not used under the Act. Till date, one Compulsory Licence has been granted by the Controller of Patents under Section 84 of the Patents Act 1970 to M/s. NATCO Pharma, Hyderabad on 9-3-2012 for Indian Patent No. 215758 (Carboxyaryl substituted diphenyl ureas) which was granted to M/s. Bayer Corporation on 03-03-2008.

The drug covered under this patent is “Sorafenibtosylate” and sold under the brand name “NEXAVAR”, isused for the treatment of kidney and liver cancer.

Compulsory Licences are issued as per the provisions in the Patents Act, 1970. There is no specific proposal pending at present before the Government for the grant of a compulsory licence.

This information was given by the Minister of State of Commerce and Industry, C. R. Chaudhary, in a written reply in the Lok Sabha today.

Quick Updates:Latest Updates