This move is expected to benefit 22 lakh cancer patients in the country and would result in annual savings of around Rs 800 crore to the patients
However, it is not yet clear whether China has agreed to grant licences to Indian companies to sell cancer drug in the huge market
It is estimated that every year over 700,000 patients die due to various types of cancer in India
The single judge had also refused to revoke the patent of the Swiss company as sought by Cipla
Drugs worth over Rs 50 lakh were seized from a pharma dealer in Karol Bagh on May 4
The prices have been reduced in the range of 42% to 10%
According to the Food and Drugs Administration, drugs sold in the US are held to the same standards regardless of manufacturing location