Patenting activity in pharma sector strongest in China among BRIC nations
![](/46/pdcnewsitem/03/84/89/Frost.jpg)
As emerging markets have been displaying more robust growth rates than developed markets, they are also witnessing increased patenting activity in pharmaceutical sector.
With growth rates in developed markets sliding downwards, emerging markets with higher growth rates such as BRIC are expected to be the key drivers of revenue growth for multinational pharma companies. Therefore, multinational pharmaceutical corporations should have a well-planned strategy for each of the BRIC members in order to achieve global prominence.
Among the BRIC countries, China leads in local and foreign patent filings, finds the new analysis from Frost & Sullivan, Strategic Overview of Patenting Activity in Pharma Sector of BRIC Countries. The increase in resident applications accounts for almost all the patenting growth in China during the last few years. Such a high percentage of resident filings, dominated by utility models, raise doubts about the quality of patents emerging from the nation.
"As for non-resident patent applications in the BRIC, Brazil leads, followed by India, Russia and China," said TechVision Senior Consultant Manmohan Singh. "In India and Brazil, big pharma companies dominate patent filings. However, the pace of patent grants in Brazil could drop, with the huge backlog of patent applications at the Brazilian Patent Office (INPI) lengthening the approval process to 8 to 10 years."
In the Indian context, the Supreme Court's rejection of Novatis's patent application on the grounds of Section 3(d) of the Indian Patent Act raises a big question on the issue of evergreening practices adopted by pharma companies. After India's decision to award compulsory licensing (CL) to Natco for Nexavar, which was patented by Bayer Healthcare, big pharma companies are raising concerns surrounding the possible adverse impacts of this decision on innovator drug companies.
"While more emerging economies deliberate whether to amend their patent laws on CL, the big pharma companies should rethink their existing business models," recommended Singh. "China has already made amendments in its intellectual property laws in order to allow the government to issue compulsory licenses and Brazil is considering a similar initiative."
Related News
-
News Ophthalmologic drug product Eylea faces biosimilar threats after FDA approvals
Regeneron Pharmaceutical’s blockbuster ophthalmology drug Eylea is facing biosimilar competition as the US FDA approves Biocon’s Yesafili and Samsung Bioepis/Biogen’s Opuviz. -
News ONO Pharmaceutical expands oncology portfolio with acquisition of Deciphera
ONO Pharmaceutical, out of Japan, is in the process of acquiring cancer-therapy maker Deciphera Pharmaceuticals for US$2.4 billion. -
News First offers for pharma from Medicare drug price negotiations
Ten high-cost drugs from various pharma manufacturers are in pricing negotiations in a first-ever for the US Medicare program. President Biden’s administration stated they have responded to the first round of offers. -
News Eli Lilly’s Zepbound makes leaps and bounds in weight-loss drug market
In the last week, Eli Lilly has announced their partnership with Amazon.com’s pharmacy unit to deliver prescriptions of Zepbound. Zepbound has also surpassed Novo Nordisk’s Wegovy for the number of prescriptions for the week of March 8.&nbs... -
News Chasing new frontiers at LEAP – The National Biotechnology Strategy Keynote
On the third day of LEAP (4–7 March 2024, Riyadh Exhibition and Convention Centre, Malham, Saudi Arabia) the CPHI Middle East team hosted the Future Pharma Forum, to set the scene for an exciting new event for the pharma community, coming to Riya... -
News Pfizer maps out plans for developing new oncology therapeutics by 2030
Pfizer dilvulges plans to investors around growing their cancer portfolio, and the drugs they will be focusing on developing after their aquisition of Seagen in 2023. -
News Generics threat to Merck’s Bridion as Hikma seeks pre-patent expiry approval
Merck has disclosed they received notice from Hikma Pharmaceuticals for seeking a pre-patent expiry US FDA approval for Hikma’s generic version of Merck’s Bridion. -
News Bernie Sanders vs Big Pharma - the latest on drug price negotiations
In a hearing in front of the US Senate, three of the biggest pharmaceutical companies in America are challenged over exorbitant prescription drug prices, with Sanders claiming their actions are limiting the population's access to affordable healthc...
Position your company at the heart of the global Pharma industry with a CPHI Online membership
-
Your products and solutions visible to thousands of visitors within the largest Pharma marketplace
-
Generate high-quality, engaged leads for your business, all year round
-
Promote your business as the industry’s thought-leader by hosting your reports, brochures and videos within your profile
-
Your company’s profile boosted at all participating CPHI events
-
An easy-to-use platform with a detailed dashboard showing your leads and performance