Word: indianism
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...problems on the international front too, as Western drugmakers fight back. WTO representatives meeting in Geneva last month hammered out an agreement that allows poor countries, when faced with crises such as AIDS or malaria, to waive international patent laws and buy cheap foreign copies of expensive drugs. Though Indian companies have had a huge impact on the prices of AIDS drugs in Africa (see chart above), they're not actually selling much of their products there because many African nations honor international patent laws. Cipla's Hamied estimates that his company provides drugs to no more than...
...theory, the WTO agreement should benefit India's generic-drug companies by shielding them from strict patent laws. But many of India's drugmakers are angry about the agreement's fine print. According to D.G. Shah of the Indian Pharmaceutical Alliance, which represents the nation's largest drugmakers, the U.S. pharmaceutical lobby won key restrictions?for instance, a stipulation that generics sold under the agreement be manufactured in a different shape, dosage and packaging from the original?that make it difficult for non-U.S. companies to sell their products in poor countries and still turn a profit...
...There are signs, too, that the expansion of Indian companies into America might get harder. For one thing, the constant court battles that are required when challenging patents are exorbitantly expensive by Indian standards. "Profit margins at some companies are declining because of litigation costs," says Kothari from ASK Raymond James. Even when a court case is won, the life of a generic-drug company is never easy: high profit margins last for just the six months that the company has an exclusive right to sell a generic drug. If India's drugmakers are to become truly global, they...
...judge by the boastful headlines, you might think Bombay's police had eliminated the city's terrorist threat at a stroke by killing a supposed bombing mastermind in the center of the metropolis last Friday night. "Black Monday's 'brain' shot dead," trumpeted the Indian Express. The truth may not be quite so heartening...
...Indian police, who identified the victim only by his first name, Nasir, say he's the founder of the Gujarat Muslim Revenge Force, an extremist group started after Hindus killed some 2,000 Muslims in western India last year. Police blame the group for two bombings in Bombay last month in which 58 people died, along with a bus bomb in July and a train explosion in March that claimed a total of 15 lives. Intelligence officers say Nasir was trained and indoctrinated by Muslim extremists in Dubai and Pakistan, and remained a linkman to Pakistani terrorists. Nasir's brief...