Health/Fitness » Health

India Licenses Generic Copy of Patented Bayer Drug

by Katy Daigle
Monday Mar 12, 2012
  • PRINT
  • COMMENTS (0)
  • LARGE
  • MEDIUM
  • SMALL

India’s patent office has effectively ended Bayer’s monopoly on a patented cancer drug by allowing a generic copy to be made at a fraction of the price.

The decision is likely to infuriate Western pharmaceuticals, which have been pushing for stronger patent protections. Aid groups counter that India’s $26 billion generics industry is a lifesaving resource for patients who cannot afford Western prices.

India’s Patent Office approved Natco Pharma’s application Monday under a provision allowing licenses for patented products not available at affordable price.

German pharmaceutical giant Bayer Corp. markets its cancer drug sorefinib as Nexavar for about $5,600 a month in India. Natco says its version will cost patients $175 a month.

Copyright Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Comments

Add New Comment

Comments on Facebook