[video] India: Human lives vs pharma profits
Author: Al Jazeera, Published on: 17 March 2012
India has decided to end the monopoly of pharmaceutical giant Bayer by overturning its patent of anti-cancer drug Nexavar. A domestic company, Natco, will now be allowed to produce a copy-cat version of Nexavar, and sell it for a fraction of the price. The decision gives renewed hope to thousands of Indian cancer patients who would not otherwise be able to afford the drug...India's decision is a major blow to big pharmaceutical companies and sets a precedent that could extend to other treatments including HIV/Aids..."We are very disappointed with the order of the patent controller of India. We strongly disagree with his conclusions and will appeal the order to defend our intellectual property rights which are a prerequisite for bringing innovative medicines to patients..."...- Bayer's statement.
Related companies: Bayer