-The Business Standard Chennai: The Intellectual Property Appellate Board (IPAB) today upheld a compulsory licence issued by the Controller of Patents to Hyderabad-based Natco Pharma Ltd, a generic drug maker, to manufacture and sell a cancer drug of Bayer Corp in India. IPAB, however, made changes in the licence order by increasing the Royalty payment to Bayer Corp for Nexavar, used to treat liver and kidney cancer, from six per cent to...

-The Hindu Bayer's plea dismissed by the Intellectual Property Appellate Board The Intellectual Property Appellate Board (IPAB) on Monday upheld the grant of compulsory licence (CL) to the Hyderabad-based Natco Pharma Limited, a generic drug maker, to produce and market Nexavar, a patented cancer drug of multinational pharma major Bayer Corporation. The order will pave the way for reduction in the prices of costly life saving drugs. Disposing an appeal filed by Bayer...

-The Economic Times KORAPUT/NEW DELHI: Villagers protesting against Hindalco's plan to mine bauxite at Mali Parbat in the Koraput district in Odisha have come up with a unique proposal that offers to compensate the state for its loss in revenue from Royalty. Forty one villages from the district, two thirds of whose largely tribal population live below poverty line, have proposed to soon pass panchayat resolutions promising to pay Rs 35 crore,...

-Outlook Letters for deallocation of 13 private coal blocks to their owners are likely to be sent soon after the Law Ministry gives its go-ahead, Coal Minister Sriprakash Jaiswal said today. These blocks were advised to be cancelled by the Inter-ministerial Group (IMG) as companies failed to develop them within the stipulated time. "We are waiting to get the Law Ministry approval for the deallocation letters for 13 blocks. We are expecting it...

-The Hindu The CAG has a lot of explaining to do on the methods used to reduce the loss it estimated in its draft report Comptroller & Auditor General Vinod Rai, who has maintained a dignified silence despite being in the government’s line of fire for his controversial report on coal, now has no choice but to break his silence. On Thursday, he appears before the Public Accounts Committee (PAC) where he is...