On Jan. 1, India faces a World Trade Organization deadline to overhaul its patent laws, ending decades of policies that allowed Indian firms -- from pharmaceutical giants to tiny technology companies -- to make cheap versions of expensive Western products. Critics say the new law would dramatically raise India's drug prices and help foreign companies regain dominance. But proponents say the time has come for India to accept international trade standards.
December 29, 2004 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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