[Ip-health] Modi on Pharma
matthew at healthgap.org
Wed Oct 1 13:40:06 PDT 2014
Interesting quote today, Modi to Pharma...
PM's US Visit: Narendra Modi’s CEO diplomacy to soon set the cash register
Pharma sector CEOs such as Merck's Kenneth Frazier and Hospira's Michael
Ball are learnt to have flagged their apprehensions about India's
intellectual property regime. While responding to their specific worries,
the PM raised the discussion to a whole new level, according to Banga.
"I understand that you want to be compensated for your investments in R&D.
At the same time, India needs medicines that are affordable for its
population," the PM is understood to have said, stressing that this is not
just about India but the entire world that is grappling with new diseases.
"Mankind needs continuous research and development of new drugs for a
higher quality of life.
You need to be able to devote the right energy to that, not just by
changing the formulation of a drug to sustain a patent, but by inventing
things that make a difference to mankind," Modi told them.
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