Novartis Pulls Out of India

S. H.
October 2007
Pharmaceutical Executive;Oct2007, Vol. 27 Issue 10, p26
Trade Publication
The article reports that Novartis AG has pulled out its investment plans for the Gleevec drug from India to China due to refusal of authorities. The company claimed that the Indian's patent laws do not fulfill World Trade Organization requirements. Novartis was challenging the country to grant a patent to a new form of its leukemia drug Gleevec. It is stated that the court decided to refuse Novartis' Gleevec for it has nothing in itself a new chemical entity.


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