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Novartis AG (NVS) Lashes Out at India for Not Respecting Intellectual Property Rights


8/19/2013 7:34:47 AM

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Hitting out at India's way of dealing with Intellectual Property Rights (IPR) issues, drug major Novartis has said India is losing investments in research and development from MNCs to China due to lack of an ecosystem that fosters innovation. According to the company, which lost a patent case for its cancer drug Glivec, India needs to have fast track courts to deal with IPR disputes. "The recent cases that we have seen in the area of IPR do not in any way point to an environment that encourages innovation."

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