World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

New bill threatens availability of generic drugs

TEAR Fund New Zealand
For Immediate Release: 24/03/05

New bill threatens availability of generic drugs

TEAR Fund New Zealand is concerned, under a bill approved today, India will start granting product patents for medicines - something they have not done since 1970 - without the necessary procedures to safeguard against a wholesale increase of medicine prices.

India is a major supplier of the world's generic medicines; it exports two-thirds of its products to developing countries. These exports are critical to the fight against AIDS in sub-Saharan Africa, South America, and Southern and Southeast Asia. Generic competition fueled by Indian production has been largely responsible for reducing the prices of antiretrovirals by as much as 98%.

India has amended its 1970 Patent Act in order to be compliant with the requirements of the World Trade Organisation. Changes to the act will limit production of generic alternatives for newer drugs.

"Continued affordable availability of generic drugs is essential in the global fight against AIDS. At TEAR Fund we are concerned the amendment to India's Patent Act has been influenced by multinational drug companies," says TEAR Fund Executive Director Stephen Tollestrup.

ENDS


© Scoop Media

 
 
 
World Headlines

 

Rohingya Muslims Massacred: Restrictions On Aid Put 1000s At Risk

Amnesty: The Myanmar authorities’ restrictions on international aid in Rakhine state is putting tens of thousands of lives at risk in a region where mainly Rohingya people are already suffering horrific abuses from a disproportionate military campaign. More>>

ALSO:

Werewolf: Gordon Campbell On North Korea, Neo-Nazism, And Milo

With a bit of luck the planet won’t be devastated by nuclear war in the next few days. US President Donald Trump will have begun to fixate on some other way to gratify his self-esteem – maybe by invading Venezuela or starting a war with Iran. More>>

ALSO:

Victory Declared: New Stabilisation Funding From NZ As Mosul Is Retaken

New Zealand has congratulated the Iraqi government on the successful liberation of Mosul from ISIS after a long and hard-fought campaign. More>>

Gordon Campbell: On The Current US Moves Against North Korea

If Martians visited early last week, they’d probably be scratching their heads as to why North Korea was being treated as a potential trigger for global conflict... More>>

ALSO:

Gordon Campbell: On The Lessons From Corbyn’s Campaign

Leaving partisan politics aside – and ignoring Jeremy Corbyn’s sensational election campaign for a moment – it has to be said that Britain is now really up shit creek... More>>

ALSO:

 
 
 
 
 
 
  • Pacific.Scoop
  • Cafe Pacific
  • PMC