
India, UK trade pact does not mandate patent term extensions or data exclusivity
trade
agreement (FTA) does not mandate
patent term extensions
or
data exclusivity
, which are two common tools of
evergreening of patents
, according to a commerce ministry document.
The move would protect the interests of the domestic generic drugs industry.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
Operations Management
Healthcare
MBA
Data Analytics
healthcare
Others
Public Policy
Data Science
MCA
CXO
Data Science
Leadership
Product Management
Technology
Project Management
Artificial Intelligence
others
Digital Marketing
PGDM
Degree
Finance
Design Thinking
Management
Cybersecurity
Skills you'll gain:
Quality Management & Lean Six Sigma
Analytical Tools
Supply Chain Management & Strategies
Service Operations Management
Duration:
10 Months
IIM Lucknow
IIML Executive Programme in Strategic Operations Management & Supply Chain Analytics
Starts on
Jan 27, 2024
Get Details
The UK was demanding for inclusion of "data exclusivity" provision in the agreement.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Fed Just Quietly Took Control of Your Money
Priority Gold
Read More
Undo
"The FTA does not mandate patent term extensions or data exclusivity -- two common tools of evergreening. India's patent law provisions on patentability criteria under Section 3(d) (of Indian Patent Act) remain fully protected," the ministry said.
Section 3(d) of the Indian Patents Act, 1970, restricts patents for already-known drugs unless the new claims are superior in terms of efficacy, while Section 3(b) bars patents for products that are against public interest and do not demonstrate enhanced efficacy over existing products.
Live Events
Certain multinational firms have asked India to amend these laws, which were strongly opposed.
The agreement, signed on July 24, may take about a year to come into force.
Data exclusivity provides protection to the technical data generated by innovator companies to prove the usefulness of their products. In the pharmaceutical sector, drug companies generate data through expensive global clinical trials to prove the efficacy and safety of their new medicine.
By gaining exclusive
rights
over this data, innovator companies can prevent their competitors from obtaining a marketing licence for low-cost versions during the tenure of this exclusivity.
Earlier, India had also rejected a similar demand from the four-nation EFTA bloc in their free trade agreement negotiations.
The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. The pact was signed in March 2023 and will be implemented later this year.
The UK (
AstraZeneca
and
GSK
) and Switzerland (
Novartis
and Roche) have some of the major pharma firms of the world.
India's generic drug industry is estimated about USD 25 billion, and the country exports 50 per cent of its produce.
An expert said data exclusivity is beyond the provisions of the Trade Related Aspects of Intellectual Property Rights (TRIPS) agreement under the World Trade Organization (WTO).
Evergreening of patent rights is a strategy allegedly adopted by the innovators having patent rights over products to renew them by bringing in some minor changes, such as adding new mixtures or formulations. It is done when their patent is about to expire. A patent on the new form gives the innovator company a 20-year
monopoly
on the drug.
"The FTA does not require India to provide patent term extensions for regulatory delays and data exclusivity for pharmaceuticals or agrochemicals," it said, adding that this ensures that generic manufacturers can enter the market without unnecessary delay, once the patent has expired or is challenged.
The agreement, it said, does not alter or dilute India's ability to refuse patents for minor modifications of known substances; and prevent frivolous or repetitive patent filings that block generics.
"There is no obligation for patent linkage or automatic injunctions either-key tools used to delay generics in other jurisdictions," the ministry said.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
36 minutes ago
- Time of India
MG Cyberster vs BMW Z4: Electric future or Petrol power
MG Motor India recently launched the MG Cyberster electric roadster in the Indian market priced at an introductory Rs 74.99 lakh for new bookings, while customers who had pre-reserved the roadster can avail it at a special price of Rs 72.49 lakh (both prices, ex-showroom). Interested customers can book by paying a token amount of Rs 51,000. Bookings can be made through 13 MG Select dealerships located in major cities like Mumbai, Delhi, and Bengaluru, or via the company's official website. The MG Cyberster is India's first electric roadster and currently has no direct rivals in the Indian market. However, in terms of size and proportions, it can be compared to the BMW Z4 . In this article, let's compare both models in terms of pricing, dimensions, power figures, features and more. MG Cyberster vs BMW Z4: Variants and pricing by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sleman: Unsold Sofas Prices May Surprise You (Prices May Surprise You) Sofas | Search Ads Search Now Undo The MG Cyberster is available in a single fully-loaded variant and has an introductory price of Rs 74.99 lakh for fresh bookings. However, for those who had pre-reserved the car previously, it's available at Rs 72.49 lakh (both prices, ex-showroom). The BMW Z4 is offered in three variants - M40i priced at Rs 92.9 lakh, M40i Pure impulse AT priced at Rs 96.9 lakh and M40i Pure impulse MT priced at Rs 97.9 lakh (all prices, ex-showroom). The MG Cyberster undercuts the BMW Z4 by a significant margin. Even at its standard price of Rs 74.99 lakh, it's at least Rs 17.9 lakh more affordable than the entry-level BMW Z4 M40i priced at Rs 92.9 lakh. Both cars are bought in India via the CBU route. MG Cyberster vs BMW Z4: Dimensions Dimension-wise, the Cyberster measures 4,533 mm in length, 1,912 mm in width, and 1,328 mm in height, with a 2,689 mm wheelbase. It gets 20-inch wheels. The Z4 measures 4324 mm in length, 1864 mm in width 1304 mm in height and has a wheelbase of 2470 mm. It gets 19-inch wheels. The MG Cyberster is 209 mm longer, 48 mm wider, and 24 mm taller than the BMW Z4. It also has a 219 mm longer wheelbase, which should translate to better cabin space. Additionally, the Cyberster gets larger 20-inch wheels compared to the Z4's 19-inch wheels. MG Cyberster vs BMW Z4: Features The MG Cyberster gets three screens, including a vertically stacked infotainment system angled towards the driver. Features include wireless Apple CarPlay/Android Auto, in-built 5G, connected car tech, wireless charging, dual-zone climate control, ventilated seats, and a premium Bose audio system. It will also offer Qualcomm Snapdragon 8155 chip, regenerative braking, multiple airbags, Level-2 ADAS, and more. The BMW Z4 gets a 10.25-inch touchscreen infotainment system with iDrive 7.0 OS, digital driver's display, GPS with 3D maps, touch controller, ambient lighting, powered driver and passenger seat with memory function, dual claimed zone AC, connected car tech, 4 airbags, dynamic traction control, dynamic stability control, cornering brake control and more. The fabric-roof top of both cars can open or close in 10 seconds at the touch of a button. MG M9 first drive review: More than just a fancy box on wheels? MG Cyberster vs BMW Z4: Powertrain The MG Cyberster is an all-electric car and is powered by a 77kWh battery pack measuring just 110mm in thickness. It comes paired with dual oil-cooled electric motors - one on each axle producing a combined 510hp of power and 725Nm torque. It gets AWD and can sprint from 0-100kph in just 3.2 seconds. MG claims a maximum range of 580km on a single charge (CLTC cycle). The EV will feature a front double-wishbone suspension and a rear five-link independent suspension. Stability at high speeds is enhanced by an evenly balanced 50:50 weight distribution between the front and rear.


The Print
36 minutes ago
- The Print
Lord Meghnad Desai belonged to no camp—and, somehow, to every camp at once
For Lord Desai, the pursuit of knowledge was a lifelong passion. Whether delving into Marxian economics, monetary policy, and economic history or celebrating Mughal-e-Azam, his works spanned disciplines with equal rigour, each contribution enduring in its relevance. Elevated as a Labour life peer in 1991, he never allowed party lines to contain his views. Known for his cross-party affiliations in the UK's House of Lords, he regularly crossed swords—and built bridges—across ideological divides. On one occasion, as a classmate recalls, he was animatedly engrossed in conversation—his intellectual charm magnetically appealing—when he noticed an awestruck student lingering nearby. 'Ah,' he muttered good-naturedly, 'private affairs of public figures,' with the nonchalant air of a Peer of the Realm indulging in an innocent dalliance amid academia's halls. Lord Meghnad Desai carried his natural halo with grace and not a hint of pomposity. His untamed yet striking shock of white hair was a familiar sight to those of us who, as students, encountered him in the hallways of the London School of Economics. Though matters of state often kept him away—far more so than other faculty during my years there—when spotted in London, he invariably wore an impish smile and offered a wry remark on contemporary affairs, whether the evolving politics of Europe or the tumult of India. This refusal to be pigeonholed also extended to India. He advised successive governments, from Congress reformers to BJP-led regimes, bringing sharp intellect and empirical ballast to economic policy. Finance ministers and prime ministers alike valued his ability to question prevailing assumptions, often with evidence-laced humour. Also read: PM Modi condoles demise of economist Meghnad Desai, hails his role in deepening India-UK ties A master in every sense Beneath the economist's mantle lay a quieter passion: cinema. Beyond his academic stature, he took visible pride in his silver-screen debut—a cameo in the Sharmila Tagore and Soha Ali Khan film Life Goes On (2009)—a modern retelling of King Lear—alongside old friends Girish Karnad and Om Puri. Karnad and Desai were mates in college, and lore has it they once shared a stage in student dramas before making names in their respective fields. Years after publishing Marx's Revenge (2002)—a bold argument for Marx's relevance in the era of globalisation—he was genuinely astonished when a classmate referenced its dense calculations. 'You actually read it?' he asked in that characteristically self-deprecating tone. He wore his erudition lightly, authoring incisive studies on India's economic reforms while dispensing razor-sharp insights to anyone who sought them. As Prime Minister Narendra Modi noted in his tribute, Lord Desai was a regular commentator on reform, engaging with regulators and heads of state alike. His pithy observations often revealed their wisdom long after the moment had passed. In his later years, spent largely in India, Lord Desai's trenchant op-eds pierced even the high walls of North Block and the Prime Minister's Office. Some mistook his critiques as quiet lobbying for official roles—a notion he laughed off when teased by former students like me. He remained generous with his time, mentoring young scholars, policy wonks, and the occasional disoriented LSE alumnus. He was, in every sense, a master—an honorific he'd playfully redirect to me whenever I addressed him as 'My Lord'. Globalisation and liberalisation were his intellectual playgrounds. He helmed the inaugural Chevening Fellowship on Globalisation, guiding India's brightest minds to the LSE. A visionary institution-builder, he founded LSE's Centre for the Study of Global Governance and its Development Studies programme, and had earlier co-created the Human Development Index with Amartya Sen and Mahbub ul Haq—a pathbreaking metric that looked beyond GDP to define progress. To those who knew him closely, there was also a distinctly Bengali warmth—a side reserved for students and confidants. When my father passed away abruptly mid-term, Lord Desai sat me down upon my return and said, with gentle sagacity, 'The grief will come in waves. Write through it, and you'll finish your course.' It was advice as practical as it was profound. Even in his eighties, he remained a prolific public intellectual. His columns in Indian newspapers sparked debate in Delhi drawing rooms as easily as in Westminster salons. He relished contrarian takes—not for performance, but because curiosity compelled him to probe every orthodoxy. Today, that halo shines brighter still, as he ascends to higher realms, leaving behind admirers, friends, and a legacy that transcends borders. Lord Meghnad Desai belonged to no camp—and, somehow, to every camp at once. His life's work, like his persona, was expansive, restless, and wholly original. Dilip Cherian, India's Image Guru, was a student of Lord Desai at the LSE. Views are personal. (Edited by Ratan Priya)


Time of India
41 minutes ago
- Time of India
NFO Alert: 360 ONE Mutual Fund launches multi-asset allocation fund
360 ONE Asset has announced the launch of its new fund, 360 ONE Multi Asset Allocation Fund , an open-ended fund that will invest in a diversified portfolio of equities, debt, commodities, and assets such as REITs and InvITs. The new fund offer, or NFO, is open for subscription and will close on August 13. The fund aims to generate long-term wealth creation and income through active management of multiple asset classes. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Public Policy Design Thinking Artificial Intelligence Data Analytics Healthcare Project Management Product Management Cybersecurity Digital Marketing Operations Management Others Technology Data Science others Leadership MBA healthcare MCA CXO Management PGDM Finance Degree Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details Also Read | MF Tracker: UTI Mid Cap Fund turns Rs 10,000 SIP to nearly Rs 1.62 crore in 2 decades Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Phu My: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo The 360 ONE Multi Asset Allocation Fund addresses the need for portfolio diversification amid increasing geopolitical instability, currency fluctuations, and global economic challenges. By investing across asset classes with varying correlations, the fund aims to deliver a smoother investment journey and counterbalance market volatility , according to a press release by the fund house. The fund follows a dynamic asset allocation framework with investments across multiple asset classes, including 15% to 35% in equities to target long-term growth, 25% to 50% in debt instruments for relative stability, 25% to 40% in gold and silver as a hedge against global uncertainties, and a portion in REITs and InvITs to provide exposure to real estate. Live Events The fund is benchmarked against a composite index of BSE 500 TRI (25%), NIFTY Composite Debt Index (45%), and domestic gold and silver prices (30%). The fund is managed by Mayur Patel, Milan Mody, and Rahul Khetawat. The minimum investment amount during the NFO is Rs 1,000 and in multiples of Re 1 thereafter. For SIP investments, the minimum application amount is Rs 1,000 and in multiples of Re 1 thereafter. The fund has an exit load structure of 1% if units beyond 10% are redeemed within one year from allotment, while no exit load is applicable for units redeemed after one year from allotment. Also Read | JioBlackRock Mutual Fund to launch 5 index NFOs next week. Check dates, other details "The 360 ONE Multi Asset Allocation Fund embodies our commitment to providing innovative solutions tailored to investors' evolving needs. By diversifying across asset classes, we aim to mitigate risk and create sustainable value for our clients in an ever-changing global environment. With this fund, we are not only expanding our robust portfolio of investment products but also empowering investors to navigate market complexities with confidence. This is another step in our journey to redefine the investment landscape in India," said Raghav Iyengar, CEO of 360 ONE Asset. The fund is suitable for investors seeking to create wealth and income in the long term and who want investment in multiple asset classes . ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)