Indian, European drug makers call for greater cooperation

September 24th, 2008 - 7:06 pm ICT by IANS  

Brussels, Sep 24 (IANS) A conference of Indian and European pharmaceutical companies held here has called for sustainable cooperation between European and Indian drug manufacturers on issues related to intellectual property rights and sharing of information, Asia News reported Wednesday.The conference, held Sep 21 and 22 under the auspices of Brussels-based Europe India Chamber of Commerce, brought together government officials and representatives of major pharma companies from Europe and India.

Speaking to AsiaNews, secretary general of the Chamber Sunil Prasad said the conference examined the issues connected with intellectual property rights and ways to develop sustainable cooperation between European and Indian drug manufacturers.

Speakers identified a number of challenges that India and Europe face in the fast changing pharma sector and insisted on exchange of information and experience, development in research and innovation and joint venture on products of generics.

The European pharma companies observed that despite Indian government’s decision to bring its laws into conformity with the World Trade Organization, concerns persist among global drug makers in general and European ones in particular over the lack of intellectual property protection, lax restrictions on parallel trade and regulatory uncertainty.

He added that there is a lack of information in Europe about the recent developments in regulatory mechanism and patent formation in India.

Prasad also said that new alliances between pharma companies in Europe and India will go a long way in transforming India’s role in drug discovery and may change the way multinationals partner with companies in other Asian countries.

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