"If India wants to develop to the same framework that we have in Europe, Switzerland or US, it is very important that the environment becomes highly predictable and that IPRs are clearly defined," Novartis Pharma AG, Global Head of Development, Established Medicines Franchise, Lutz Hegemann told PTI.
If the whole data regulatory process becomes predictable in the long run, it makes investment in the country more sustainable, he added.
He added: "We eagerly await translation of these into actionable items in the new IPR policy which is just being drafted out and also the rules being framed following that should provide fillip because we truly want to go from Make in India to invent in India because any economy which needs to be successful the core has to be innovation."
"The triggers for CL that exist in India are too many and threshold limits are pretty low and definitions of national emergency must be pretty clear so as to what is a national emergency so on those aspects it requires more clarification and this is evolving," he added.
In March 2012, Controller General of Patents Design and Trademarks, P H Kurian had granted the first-ever CL to Hyderabad-based Natco Pharma to sell a generic version of Nexavar, a patented kidney cancer drug invented by German pharma giant Bayer -- a move that is seen as having changed the course of IPR history in India.
property rights in Switzerland provide an incentive for companies to invest in innovation, Swiss Ambassador Linus von Castelmur said at an event here.
Citing data from the European Patent Office (EPO), he said Switzerland filed 848 patents per one million inhabitants, the most patents per capita, in 2014.
He was speaking at a conference here on 'Innovate or copy paste? A debate on innovation and intellectual property in the health sector'.
"Switzerland's well developed infrastructure and strong intellectual property rights, which provide an important incentive to invest in innovation by enabling firms to recover their investment costs," Castelmur said.
Soumya Swaminathan, Director General of the Indian Council of Medical Research, emphasised the importance of traditional medicine and traditional knowledge in the context of drug discovery.
"I think we still have a vast knowledge in the ancient systems of medicine both in Indian and Chinese medicines...," she said, adding that it was an area being looked at.
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