Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
Pharmacy 16 Jan 2015

India refuses patent to Gilead for its drug Sovaldi

The patent office noted that a 'molecule with minor changes, in addition to the novelty, must show significantly enhanced therapeutic efficacy' compared with a prior compound.

New Delhi: India's patent office has rejected an application from US-based Gilead  Sciencesfor its hepatitis C drug Sovaldi.

The patent application was opposed by Indian drugmaker Natco Pharma, and the Initiative for Medicines, Access & Knowledge, a non-profit organisation. They opposed the application on the grounds that Sovaldi was not a significant improvement compared with an earlier compound developed by another company.

The patent office noted that a 'molecule with minor changes, in addition to the novelty, must show significantly enhanced therapeutic efficacy' compared with a prior compound.

Sovaldi’s $84,000 price tag for a 12-week course in the US has drawn criticism from patient advocates. The rejection will allow the Indian drugmakers to make and sell versions of the drug in country

In September last year, the US pharmaceutical major had announced a licensing deal with seven Indian drugmakers to produce generic versions of Sovaldi that could be sold in 91 countries.

The patent office's decision came amid a growing clamour by healthcare campaigners and doctors to ensure Sovaldi and other new hepatitis C pills are affordable in developing countries.

Image: CorbisImages

Comment
Related opportunities
  • Kids & Children clothing
    About:1st Step as the name suggests is all about making..
    Locations looking for expansion Tamil Nadu
    Establishment year 2002
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 1000 - Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil Nadu
  • Mahindra First Choice Wheels Ltd (MFCWL) is a part of..
    Locations looking for expansion Maharashtra
    Establishment year 1999
    Franchising Launch Date 2003
    Investment size Rs. 30lac - 50lac
    Space required 1500 sq.ft. of built-up area for office
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • About Mr. ServiceStarted in 2008 by Mr. Mohomed Yusuf, Mr...
    Locations looking for expansion Tamil Nadu
    Establishment year 2008
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil Nadu
  • Quick Service Restaurants
    About:The mission of the company will be to exceed the..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories