Business Opportunities

SC to hear Novartis case next week

The Supreme Court will hear Swiss drug maker Novartis AG"s plea against denial of patent for its blood cancer drug, Glivec, next week. - SC to decide Bajaj Auto-TVS row over Flame on Sep 15 - SC to start final hearing on gas row on Oct 20 - Novartis moves SC against Glivec order - SC refuses relief to Roche on patent plea against Cipla - SC to commence final hearing on Ambani gas row on Oct 20 - Govt for filling up vacancies of judges in SC, HC A Bench headed by Justice Markandaya Katju, before which the matter was listed for hearing today, recused itself from hearing the case. The Intellectual Property Appellate Board (IPAB) had in July rejected the company"s appeal against a Chennai patent office"s decision citing Sections 3(d) and 3(b) of Indian patent law. Section 3(d) of patent law restricts patents for already known drugs unless the new claims are superior in terms of efficacy and Section 3(b) restricts patents for products that are against public interest and do not demonstrate enhanced efficacy over existing products. Novartis had obtained an exclusive marketing right (generic versions of Glivec were stopped from being made) in 2003 for the drug based on its patent application. Its patent plea was rejected in 2006 by the Chennai Patent Office on several grounds, including Section 3(d). While the Swiss firm had challenged the patent office"s verdict in the Madras High Court, its appeals were transferred to IPAB, which held in July that Glivec did not meet the requirement of increased therapeutic efficacy.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

News of the day
Mah Satyam to repay funds of Geelong project
Mahindra Satyam is reportedly on the verge of finalising a deal to payback an undisclosed sum to the Victorian government following the collapse of a $75 million IT project in Geelong.
Popular Articles
payday loan lenders

T N Ninan: Failing capitalism
T N Ninan / New Delhi August 22, 2009, 0:58 IST

Hindustan Copper rebounds, ends flat
The stock managed to erase all its losses and rebounded into the positive zone to touched a high of Rs 247.The scrip finally flat settled at Rs 237, up 0.42%. Around 44,483 shares were traded today as compared to 27,649 shares.