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India defends right to issue compulsory drug licences

Reuters  |  MUMBAI 

India has defended its right to grant licences allowing local firms to override patents and make cheaper copies of drugs discovered by big Western drugmakers, and said reports to the contrary were "factually incorrect". The commerce ministry statement comes weeks after Reuters and media in India quoted the US business advocacy group, US-India Business Council (USIBC), as saying India had given private assurances that it would not grant such "compulsory licences". "There have been recent media reports that the Government of India has privately assured that it will ...

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First Published: Thu, March 24 2016. 00:32 IST