Protect patients and patents smartly
The Kerala High Court has stressed the importance of making cancer medicines like ribociclib more affordable for patients. The Government of India is urged to refrain from using the Patents Act, as it could stifle pharmaceutical innovation. Instea...

Along with pharma companies, GoI must identify ways to bring down drug costs and curb excessive markups by hospitals and retailers. Supreme Court's latest intervention reinforces this need. On Monday, it called for price controls on all non-patented medicines and consumables, questioning why regulation should be confined to a few categories of drugs. Rather than overriding patents, GoI can use the Aadhaar-based DBT system to provide financial support to needy patients. This would require robust eligibility criteria and oversight, but could offer a more targeted solution. It would complement AMRIT (Affordable Medicines and Reliable Implants for Treatment) retail outlets.
Invoking the Patents Act may be politically attractive. But it risks sending the damaging signal that India is willing to take a permissive approach to IPR and patents. That is hardly the reputation it wants to attract global investment. The challenge is to make life-saving treatment affordable without undermining incentives that sustain pharma research and innovation.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.