Given the surge in research and development, amendments to the Patents Act, 1970, and the opening up of the market to foreign drug manufacturers, the pharmaceutical industry has been growing persistently.
It meets around 70% of the country’s demand for bulk drugs, drug intermediates, pharmaceutical formulations, chemicals, tablets, capsules, orals and injectibles. Being one of the key industries supporting the health sector, its regulation assumes critical importance.
New authority in the pipeline
The proliferation of spurious drugs and drugs with identical or similar sounding trade names has spurred the government to set up a Central Drug Authority of India to handle manufacturing approvals with the authority to sanction a certain brand name.
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Abhai Pandey is a lawyer with Lex Orbis IP Practice, a law firm specializing in intellectual property issues.
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