skysthelimit
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Better idea - license all Beyer meds to Indian firms to sell at low prices globally.boycott this company and his products
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Better idea - license all Beyer meds to Indian firms to sell at low prices globally.boycott this company and his products
No we are not... We are copy paste models... Till date we Indians have not invented a single NCE (new chemical entity)we can make our own....
our pharmacy industry is good and have required expertise....
You can do that in India where Intellectual rights have no value. but not in US/EU and many countries where patents are respected and protected by law unlike India....Better idea - license all Beyer meds to Indian firms to sell at low prices globally.
Iindia is the most unfavorable environment for innovating medicine, believe me, I am from this field..
Indian organizations are nothing in front of branded innovators.. apart from Sun Pharma and Dr. Reddy's Lab...Nexavar medicine
Liver,cancer and kidney
Patentn in india
To Bayer in 2008
Cost
2.8 lakh for a pack of 120 tablets,
Action by india , How , Why, Reason, Is its legal ?
Action
Compulsory Licence is a patent system under the World Trade Organisation (WTO) where a government allows a company to manufacture a patented drug without the consent of the innovator company.
SO ITS LEGAL as per internlational trety.
India granted its first-ever CL, allowing Natco to sell a generic version of the cancer drug at 8,800 for a month's therapy,
Royalty to Bayer
6% royalty to Bayer on the total sales.
Cost
From 2.8 Laks to Rs.8800 for same dose
Why
· Inability of Bayer
IPAB pointed out that even after obtaining patent, Bayer had not made the drug available on a large scale and at an affordable price within the stipulated time.
· Public Interest first
Is it only against BAYER.?
No.
Indian Judiciary and administrtion also went on same line on
Pfizer Inc’s cancer drug Sutent, Roche Holding AG’s hepatitis C drug Pegasys and Merck & Co’s asthma treatment aerosol suspension formulation. Another case involving drug patents is now in front of the Supreme Court, with Novartis battling against an earlier decision refusing it a patent on cancer drug Glivec.
Conclusion
IF BAYER thinks India did wrong with them.please come to SC or any international court.
Patent is important and high cost of medicine refereed to high investment in R& D.
But what the use of having Doctor next door if he can save neighbor because he is SUPER specialty doctor with USA, UK practice certification.
Doctor ultimate objective is to save life.. same goes for medicine ..
Fiancial can be work out if it can able achieve that goal first.
Cipla could able to rake huge profits by selling HIV drugs in afirca at premium cost but they did not.
Pfzier -1849,Rosche-1896,Glaxo-1180,Bayer -1863, Merck -1891, Novartis – Ciba –Cigay -1859
Are all old pharma companies so they have advantage being started before indian and other world
counterpart as most of these from USA, UK, Swizland .
Indian organization except Cipla are trying to established themselves so it will take time to develop R& D and new molecule.
Sure they don't understand your and mine point.. Anything novel has to be funded and the people involved with it has to be paid with...Missed this one: what irked me is that you allude to Zyklon-B and Nazis because Bayern's CEO couldn't keep his mouth shut.
The rest of my comment stands: patents should be respected because they drive innovation, while other means must be found to make drugs available to poorer countries (imho, India isn't the case necessarily , if you can afford nuclear subs, you can also afford to subsidize some drugs).
I won;t address the rest since you are just trying to undermine the amount of money & work involved in drug development, albeit the point of maximized profits is true, which is to be expected from a firm.
You don't understand his point... The real thing is, India is largest hub for generic medicine research.... not for innovation... one 2 NCE are in pipeline of whole Indian drug industry... Don't spread lies like congress...BLEED 'Em
And who told you we don't? India is emerging as one of the largest hubs of medical research.
Indian market does not contribute much to bayers revenue.. It is less than 4 % of its total revenue...boycott this company and his products
Docs are always greedy.. Go through my previous posti agree with u.....
just hate it whn businessmen(n most of society)cries foul whn we docs get greedy....
These companies have applied in India for patents, but the laws and systems here are really unfavorable... Patents are not granted/cleared for years and years.. whats the point in that?these pharma companies have to apply for patents in our country too...if for some reason govt rejects it...
patent in usa doesnt count
sirjee ham kya kamathe hai....padke padke aadha life span katham hojatha hai..
boycott that 4% percentSure they don't understand your and mine point.. Anything novel has to be funded and the people involved with it has to be paid with...
You don't understand his point... The real thing is, India is largest hub for generic medicine research.... not for innovation... one 2 NCE are in pipeline of whole Indian drug industry... Don't spread lies like congress...
Indian market does not contribute much to bayers revenue.. It is less than 4 % of its total revenue...
Docs are always greedy.. Go through my previous post
These companies have applied in India for patents, but the laws and systems here are really unfavorable... Patents are not granted/cleared for years and years.. whats the point in that?
There is an important distinction here that people need to keep in mind. the CEO is pissed not that India refuses to acknowledge patent rights rather that he cannot keep his patent in perpetuity.
an important distinction that gets lost in the conversation. sure you have your patent rights but when they expire , you cannot tweak .00000000000001% of it and ask for another 30 years of exclusivity.
secondly these pharma's cost americans to pay 10000000X more because of R&D costs, even after they recover such costs. these companies make no effort to ever reduce the prices and that is why we have the most expensive healthcare system in the world. What India does is not ONLY being adopted by other countries but it is high time america does too.
I agree on this...What India is doing is violating the patent before the patent expires. India is a international criminal entity if this persist.
Doesn't make a difference to them...boycott that 4% percent
We Indians require Bayer more than they require us...Kick Bayer out of India
So bring regulations in India na???Not required. Regulation is any day a better option.
Never done that yet... They are trying may take 10 more years... but not yet.... you are correct...I really support the development of generic drugs for saving lives. However we must ask , when was the last time an Indian company(or chinese/african etc) made a drug from scratch rather than making generics, or tweaking ( changing a few atoms and molecules) here and there of a tested drug and manufacturing it? Maybe if we spend on R&D and make new drugs available to the world at lower prices, we would have a much higher moral ground justifying making these generics.
yes and they say, its compulsory licensing... Indians orgs dont give a $h|t for innovation...What India is doing is violating the patent before the patent expires. India is a international criminal entity if this persist.
I agree with some part of your post... However for latter part of you post please go through this act..As already mentioned earlier in this thread, the companies indulge in evergreening and they have the politicians in their pocket.
So millions of poor people must die so that some of these greedy corporates can make their super profits.
PS: There are people in USA itself who can see that they have much poorer outcomes than many other countries that spend much less on heath care on a per capita basis and have far more superior outcomes.
And USA is the biggest laboratory for these pharma companies predatory pricing.
Its not as if I am against the pharma companies but against the specific practices that are being allowed by the Western governments in violation of all ethical norms.
Even in India, many doctors recommend specific (and much costlier) drugs when far cheaper alternatives exist. Experiments in some states to provide healthcare using generics has produced great results.
Nope... All generics are based on the expired exclusivity.. once NCE patent gets expired there might few other patents, but if exclusivity is expired on can launch generic versionfogot to add...most of the generic drugs are based on expired patents not all
Nope... PEPFAR (presidents emergency plan for anti retrovials)... go through this term.. USA buys these medicine and supply these to Africa... These medicine have high quality unlike which are supplied directly to these nations from India...Not only for Indians, but for people around the world who cannot afford the drug.
Indian generics played a key role in decrease in AIDS across the world.
On topic...The CEO's comment was racial.
im a doctor sir, for me or for that matter any doctor wouldn't want the patient( irrespective of nationalities) to die bcos of not being able to afford the drug...
Exactly the way innovators act.. you are absolutely correct...It's a matter of plain economics.
Drug companies invest billions into R&D and into decades of clinical trials (despite uninformed claims by random people on forums). I know, because I used to work for Bristol-Myers Squibb in the US. These companies need to recoup their costs, amortize them over failed projects, and make a profit. That's how business works, and that's why new medicines come from the evil capitalist West. There is no "committee of comrades" allocating development funds from an international pool and apportioning benefits "to each according to his need".
If drug companies sell X amount to Western customers at price Y, they will generate revenue X*Y.
If they can sell an additional amount A to developing countries at price B, they will generate additional revenue A*B.
So, their total revenue R = X*Y + A*B.
Now, assuming X and R remain constant, I will leave it for you to see how Y depends on A and B.
And what is the market size of these nations apart from China.....I know this is old news but i think this is relevant to this tread and worth mentioning.
Increasing number of countries adopting Indian IP laws for drug manufacturing
Cphi worldwide 2012 - News Details
Its not about greed... Its about making way for new inventions.. You can't reply on current drugs, need to keep on inventing and thus need revenue....I don't think the (comparatively) poorly paid, hard working researchers were doing it for monopoly profits for themselves or for some private companies. Their output is public good being publicly funded.
Its is unfortunate that greed of these companies and executives is allowed to be expressed in pious terms and is taken as truth.
Sure they don't understand your and mine point.. Anything novel has to be funded and the people involved with it has to be paid with...
You don't understand his point... The real thing is, India is largest hub for generic medicine research.... not for innovation... one 2 NCE are in pipeline of whole Indian drug industry... Don't spread lies like congress...
Indian market does not contribute much to bayers revenue.. It is less than 4 % of its total revenue...
Docs are always greedy.. Go through my previous post
These companies have applied in India for patents, but the laws and systems here are really unfavorable... Patents are not granted/cleared for years and years.. whats the point in that?
World reads your comment like this "Fcuk, Germany care for life, not for money A$$ hole .... We dont care" ......and that,s the truthfcuk Germany.. care for life .. not for money A$$ hole .... We dont care
You have not been recently to private docs for check up... thats why!!!!@drunken-monke
well i don't know much about the technicalities of pharma industry,,,,so cant comment.
but about docs being greedy.....mehhh..
how many doctors r in India n how many charge ₹300 per visit??....
how much do u think is the pay of a doctor in govt. setup???
i wont even mention the working condition,workload or duty hours......pretty easy to blame us for everythng that is wrong with the health sector ain't it...,,.
no surprises that no. students opting for mbbs is decreasing.....
@gslv yeh naya aamirkhan aaya hai....
You dont have anything sane to argue with me.. Am the expert on the matter. your frustration shows in your post...Don't dance around thread like drunken monkey
i am a doctor.....n i wud suggest that u visit govt. Hospitals instead of visiting private practitioners whom u think overcharge...You have not been recently to private docs for check up... thats why!!!!
The time and formalities required at government hospitals are beyond affording limits of a working person like me.... Not to mention that I am speculative about their ability....i am a doctor.....n i wud suggest that u visit govt. Hospitals instead of visiting private practitioners whom u think overcharge...
n please refrain from commenting on things that u r not aware of....