In a landmark decision that could set a precedent on how life-saving drugs under patents can be made affordable, the government has allowed a domestic company, Natco Pharma, to manufacture a copycat version of Bayer's patented anti-cancer drug, Nexavar, bringing down its price by 97%. In the first-ever case of compulsory licencing approval, the Indian Patent Office on Monday cleared the application of Hyderabad's Natco Pharma to sell generic drug Nexavar,...
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US likely to drag India to WTO on denied poultry market access
-PTI Expressing "extraordinary frustration" over India denying market access to the American poultry, US is gearing to drag it to the World Trade Organisation (WTO), with top lawmakers pressing the Obama Administration to act fast against New Delhi in this regard. The indication in this regard came from a top trade official of the Obama Administration, who told lawmakers on Wednesday that the US has taken similar action with the Chinese in...
More »Four arrested for Posco clash death
-The Times of India Police have arrested four persons on Wednesday for their alleged involvement in the murder of Dyurdhan Swain, a construction company worker, during a clash at the proposedPosco project site near Dhinkia in Jagatsinghpur district last week, said OIC (Kujang police station) Gupteswar Bhoi. The accused were identified as Lalita Bhujabala, Sanatan Mohanty, Loknath Swain and Chandrasekhar Patanaik of Paradip. They were reportedly aides of Bapi Sarkhel, the controversial...
More »India's first big victory: 'Equity' to find anchor in future climate deal by Nitin Sethi
India won a major battle at the Durban climate talks with the issue of equity being included in the agenda for all future talks. While the formal decision to this extent would come only towards the end of the meeting this week, sources told TOI, that the key countries had agreed that the issue of 'equity' in climate actions and carbon space should be fitted into the negotiating text for any...
More »‘Open mind’ on climate by Jayanta Basu
Environment minister Jayanthi Natarajan said she had come with an “open mind” as India showed signs of flexibility on accepting legally binding emission curbs, but wanted more assurances from developed countries before making further commitments. The comments, at the UN climate change summit in this South African city, came days after China for the first time indicated its willingness to accept legally binding cuts after 2020. The hint of a flexible stand...
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