> Would you invest your own money in a Pharma company if there were no drug patents?
India does not disagree with drug patents, from the article: "Successive governments have taken a view that patents should be granted only for major innovations, not updates to existing compounds."
Pharma companies are notorious for extending patents (in perpetuity) by adding small 'updates' to existing compounds when the patent nears expiry. This is rather similar to Disney's strategy: get copyright period extended right before Mickey Mouse is about to enter the public domain.
India does not disagree with drug patents, from the article: "Successive governments have taken a view that patents should be granted only for major innovations, not updates to existing compounds."
Pharma companies are notorious for extending patents (in perpetuity) by adding small 'updates' to existing compounds when the patent nears expiry. This is rather similar to Disney's strategy: get copyright period extended right before Mickey Mouse is about to enter the public domain.