Impact of Intellectual Property Rights on Innovation in Indian Pharmaceutical Industry

  • Harsh Nayak
  • Dr. Dhananjay Mankar
Keywords: Patents, Drug-development, Evergreening, Generic Drugs, Legal challenges

Abstract

The paper discusses how intellectual property rights have influenced innovation in the pharmaceutical industries in India. The research puts an effort to analyse the policies presently upheld regarding IPRs and their implications to find out the impact of these policies on the processes leading to the development of new pharmaceutical products and technologies. This study is based on qualitative data attained from interviews conducted with 12 key stakeholders: in-depth interviews with pharmaceutical researchers, legal experts, and government officials. The findings veer sharply between positive and negative impacts of IPR on innovation, while generally reverberating the acclaimed dual role of IPR: to incentive research and development by protecting the investment of the creator or innovator, and to hinder accessibility and affordability, especially access to vital medicines. It finally concludes with recommendations for balancing IPR enforcement with accessible health imperatives by suggesting policy changes that give a more innovation-friendly face to the pharmaceutical sector in India.

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Published
2024-11-16
How to Cite
Harsh Nayak, & Dr. Dhananjay Mankar. (2024). Impact of Intellectual Property Rights on Innovation in Indian Pharmaceutical Industry. The Indian Practitioner, 77(10), 18-24. Retrieved from https://articles.theindianpractitioner.com/index.php/tip/article/view/1800