India needs to tweak its policy on intellectual property rights (IPR) and focus on making IP licensing more seamless to facilitate knowledge and technology transfer within the local economy, said Patrick Kilbride, senior vice-president of the Global Innovation Policy Centre at the US Chamber of Commerce. India moved up by just one place to the … Read more
Big pharma industries are not in favour of sharing the rights and know-how needed to produce vaccines, citing intellectual property pilferage concerns. Quick vaccination against COVID 19 is the only hope in ending the global pandemic which has claimed more than 3.4 million lives so far. A hindrance to mass production of vaccines is the … Read more
The 62 co-sponsors of a proposal seeking patent waivers on Covid-19-related medical products including India, South Africa, Indonesia and Pakistan, have suggested a three-year waiver period with a provision to annually review the duration. As per the revised proposal on Trade Related Intellectual Property Rights (TRIPS) Agreement waiver submitted Friday in the World Trade Organization, … Read more
The 46-member grouping of the Least Developed Countries has said it supports a request made by India and South Africa to the WTO to temporarily suspend intellectual property rights for the COVID-19 vaccines to increase their access in these countries. India, which has been at the forefront of the global fight against COVID-19, told the … Read more
India has improved its ranking in US Chamber‘s International IP Index on the back of better IP administration. India ranked 40th in 2020, scoring 38.4 out of 100 on a set of 50 intellectual property-related indicators, said the US Chamber of Commerce Global Innovation Policy Center (GIPC), which released its ninth annual International IP Index … Read more
Hyderabad: Bangladeshi nobel laureate and social entrepreneur Prof Muhammad Yunus on Thursday said the coronavirus vaccine has divided the world into vaccine haves and have-nots and there should not be any ownership rights on the vaccine to any corporate. Speaking during a session of the three-day TiE Global Summit (TGS)being held virtually, Prof Yunus said … Read more
A group of developing countries, backed by United Nations agencies and activist groups, is pushing to limit patent protections for Covid-19 vaccines being tested by some of the world’s biggest pharmaceutical companies so that inexpensive copies can be produced for poorer nations. South Africa, Ghana, Senegal, Pakistan and others argue they won’t be able to … Read more
NEW DELHI: Lower tariffs on food, drinks and chemicals, along with a robust intellectual property rights (IPR) regime in India could be a few elements of the India-UK early harvest trade deal, said Jayant Krishna, Group CEO, UK-India Business Council. Krishna also said a trade deal between the UK and EU could be a prelude … Read more