Mohammed Tariq Khan
Law
October 2022
The Indian pharmaceutical industry's recent modifications to patent regulations provide an opportunity to examine how have institutional and administrative framework conditions changed for innovation and social-state support in low-income markets? Globally competitive Indian companies have embarked on product R&D, generics and clinical trials. Researchers explored how India's new product patent law affects these trends. The authors examine the internal characteristics and international competitiveness of the Indian pharmaceutical industry. They argue that changes in patent law have shifted the focus of Indian pharmaceutical companies from process to product development. In conclusion, they address the strategic implications for the Indian pharmaceutical industry and the need for research and public policy to identify the best social benefits from the product patent system. Product liability is the area of law that offers compensation for bodily harm and property damage brought on by defective and unreasonably harmful items, as well as from the failure of a manufacturer or seller to warn the customer about those hazards.
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© Airo Journals 2021
