Research and Development, Exports and Patenting in the Indian Pharmaceutical Industry: a Post TRIPS Analysis

Authors

  • Ravi KIRAN Thapar University
  • Sunita MISHRA MM University

Keywords:

Pharmaceutical Industry, India, Research and Development, Patents.

Abstract

The Pharmaceutical Industry witnessed a change after the formation of World Trade Organization (WTO) in 1995 when India, being a signatory member of WTO, adopted Trade-Related Aspects of Intellectual Property Rights (TRIPS) Agreement. Indian pharmaceutical industry, being a highly fragmented one and dominated mostly by a large number of smaller enterprises, was also apprehensive when TRIPS was included in WTO. In the above backdrop, this paper examines the Impact of TRIPS on Research and Development, Exports and Patenting activity of The Pharmaceutical Industry of India. The results of the study highlight an increase in R & D Expenses, and R& D Intensity of leading Pharmaceutical companies in the PostTRIPs period. Moreover, the Indian companies have been at the forefront, both in terms of Drug Master Filings (DMF) and abbreviated New Drug Applications (ANDA) filings in post TRIPS period.

Published

31-05-2011

Issue

Section

Articles