India Mulls Pre-Negotiation Of Prices For Patented Drugs

Law360, New York (November 14, 2004, 12:00 AM EST) -- India’s government is considering various options to prevent price gouging in the pharmaceutical industry when the country introduces product patents next year.

The Ministry of Chemicals and Fertilisers is considering a plan for pre-negotiation of prices for patented drugs, ministry sources told local news media.

"Once the patent regime comes into effect, we must take steps to ensure that the patent-holder does not price the drugs very high. We want to ensure that these drugs are affordable and therefore one of the options being considered is...
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