We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Indian Generic Makers Offer 4% Of Turnover In Royalty Under New Patent Regime

Law360 (July 27, 2004, 12:00 AM EDT) -- In a move designed to offset a broadside of litigation when India adopts product patents in 2005, India’s generics industry has offered to pay 4% of their turnover as royalty to drugs’ originators.

The Indian Drug Manufacturers' Association made this offer in a note to the department of industrial policy and promotion, which handles intellectual-property policy matters, India’s Economic Times reported Tuesday.

The move comes amid reports global drug makers are planning an onslaught of lawsuits against Indian generic makers to shut down the entire industry...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.