Latest
 
  • All Share : 49997.7871
    DOWN -2.69%
    Top40 - (Tradeable) : 44376.9997
    DOWN -2.96%
    Financial 15 : 16038.5039
    DOWN -3.06%
    Industrial 25 : 64338.9165
    DOWN -2.64%
    Resource 10 : 36822.9393
    DOWN -3.89%

  • ZAR/USD : 12.4639
    UNCHANGED0.00%
    ZAR/GBP : 19.1984
    DOWN -0.13%
    ZAR/EUR : 13.6871
    DOWN -0.06%
    ZAR/JPY : 0.1016
    UP 0.30%
    ZAR/AUD : 9.2336
    DOWN -0.46%

  • Gold US$/oz : 1153.08
    UNCHANGED0.00%
    Platinum US$/oz : 1037
    UNCHANGED0.00%
    Silver US$/oz : 15.07
    UNCHANGED0.00%
    Palladium US$/oz : 651.13
    UNCHANGED0.00%
    Brent Crude : 57.59
    UNCHANGED0.00%

  • All data is delayed by 15 min. Data supplied by Profile Data
    Hover cursor over this ticker to pause.

Wed Jul 08 04:13:56 SAST 2015

India rejects Bayer plea against cheap cancer drug

Sapa-AP | 05 March, 2013 10:07
Liver cancer. File photo

India's patent appeals office has rejected international drug maker Bayer AG's plea to stop an Indian company from manufacturing a cheaper generic version of a patented cancer drug.

The ruling Monday by India's Intellectual Property Appellate Board is being hailed as an important precedent for getting inexpensive lifesaving drugs to the poor.

Last year, India's patent office allowed local drug manufacturer Natco Pharma Ltd. to produce a generic version of Bayer's kidney and liver cancer treatment Nexavar on the grounds that this would make the drug available to the public at a reasonably affordable price.

The German company filed an appeal against the Indian patents office's decision to grant a compulsory license to Natco Pharma under which the Indian company would pay royalty on net sales to Bayer.

Bayer sells a one month supply of the drug for about $5,600. Natco's version would cost Indian patients $175 a month. The patent appeals office ruled that under the license Natco must pay seven percent in royalties to Bayer.

There was no immediate reaction to the decision from Bayer.

It was the first case of compulsory licensing under India's new patent laws passed in 2005.

Western pharmaceutical companies have been pushing for stronger patent protections in India to regulate the country's $26 billion generics industry they say frequently flouts intellectual property rights.

However, health activists and aid groups counter that Indian generics are a lifesaving resource for patients in poor countries who cannot afford Western prices to treat diseases such as cancer, malaria and HIV.

SHARE YOUR OPINION

If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.