The Hindu : National : Move on patent regime lauded

Online edition of India's National Newspaper
Wednesday, Dec 29, 2004

National

National

Move on patent regime lauded

By Our Staff Reporter

NEW DELHI, DEC. 28. The National Intellectual Property Organisation (NIPO) today welcomed the Union Government's decision to implement the new patent regime from January 1, 2005.

"The new regime allows for both pre-and post-grant opposition to proposed new patents and not allowing new-use patents," said NIPO in a statement here.

The NIPO urged the Union Government to immediately set up a committee to monitor the prices of essential medicines that could suggest ways to handle the change so that the average consumer was the least-affected. It also stressed the need to create awareness among the public about intellectual property rights and its role to convert one's intellectual knowledge into potential wealth and encouraging incremental innovations. "Postponing the implementation of the new patent regime would have only sent wrong signals to the developed countries with whom the nation is set to increase bilateral trade resulting in not only the imposed trade sanctions thereafter but also a series of legal disputes," the statement said.

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