Search Results for: pharmaceuticals

In India, with the daily Covid-19 cases plummeting about 90 percent from the peak of the first wave last year, the pandemic appeared to be under control by March 2021.  In April 2021, however, India saw the world’s worst second wave, with new cases exceeding 400,000 a day, breaking the world record for the most [...]

While the entire world is in the grips of the ongoing COVID-19 pandemic, 62 co-sponsor countries including India, South Africa, and Indonesia have recently given a revised draft proposal for waiving the Intellectual Property (“IP”) rights of COVID vaccines to the TRIPS Council of the World Trade Organisation (“WTO”), seeking a patent waiver for manufacturing [...]

The European Parliament urged the EU’s executive branch, the European Commission, Thursday to support waiver for patents surrounding COVID-19 vaccines.   The proposal, submitted to the World Trade Organization (WTO), demands that COVID-19 vaccine patents be exempt from provisions in the Trade-Related Aspects of Intellectual Property Rights (TRIPS) requirement protecting patent rights, essentially removing IP [...]

In an order list released Tuesday, the US Supreme Court declined to hear Johnson & Johnson’s appeal seeking to undo a $2 billion judgment over claims that their talc-based baby powder contained cancer-causing asbestos. The pharmaceutical giant claimed that its due process rights were violated when lower courts consolidated 22 cases from 12 different states [...]

Ten Democratic Senators have delivered a letter to US President Joe Biden urging him to support temporarily waiving intellectual property (IP) rights for COVID-19 vaccines. The letter, delivered Thursday, claims that granting the temporary patent waiver would allow for countries to manufacture COVID-19 vaccines locally and increase vaccination rates in poorer nations, as well as [...]

A Paris court on Monday found pharmaceutical giant Servier guilty of “aggravated fraud” and “involuntary manslaughter” over its diabetes and weight loss pill, Mediator. The drug is blamed for hundreds of deaths, in what is the biggest medical scandal in France’s history. The court fined Servier €2.7 million and ordered the company to pay hundreds [...]

The emergence of E-Commerce has made ground-breaking changes around the world. With the passage of time, individuals have the alternative of online platforms at their disposal for procuring myriad articles. A similar convenience is being experienced regarding medicines with the advent of E-Pharmacy. E-Pharmacies are virtual platforms that take an order of medicines over the [...]

Mexican President Andrés Manuel López Obrador signed new rules on Tuesday detailing the production and research of medicinal marijuana, essentially legalizing marijuana for medicinal use. The rules will also legalize and oversee the cultivation of marijuana on Mexican soil for medical purposes. The new regulations primarily target pharmaceutical companies that are intending to sell and [...]

The US Supreme Court on Thursday unanimously upheld an Arkansas law setting prescription drug reimbursement rates for pharmacies. The decision in Rutledge v. Pharmaceutical Care Management Association was made 8-0, with Justice Clarence Thomas issuing a concurring opinion and Justice Amy Coney Barrett not taking part in the decision. The 2015 Arkansas law requires pharmacy [...]

The UK government announced Thursday that it had granted Pfizer legal indemnity protecting the American pharmaceutical company from civil lawsuits due to any unforeseen complications arising from problems with its COVID-19 vaccine. The special legal indemnity was the result of an emergency government consultation in September, when the UK Department of Health & Social Care [...]