Goyal criticises attempts to secure pharma patents via minor innovations

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Goyal criticises attempts to secure pharma patents via minor innovations - Business Standard

Quick Summary:

Commerce and Industry Minister Piyush Goyal on Sunday criticised attempts of certain firms to secure pharmaceutical patents through minor incremental innovations, stating that such practices could deprive millions from access to affordable medicines.

"I received requests very often that we should also allow pharmaceutical companies...to have incremental changes to their patents and allow them to have a fresh patent for another long period of time, which we normally understand that as evergreening of patents.

Just for the "super-natural" profits of a few companies and their shareholders, the world has to suffer and is deprived of quality and equitable healthcare, he said.