Abbott India quits MNC lobby, ties up with IPA

NEW DELHI: In what could be a major setback for the multinational pharmaceutical lobby in India, American drug maker Abbott has quit Organisation of Pharmaceutical Producers of India (OPPI) primarily due to crucial differences on intellectual property right (IPR) related issues. The drug maker is now in talks with the Indian Pharmaceutical Alliance (IPA), an industry body supporting local or domestic manufacturers, sources said.

“Given the business model for Abbott’s pharmaceutical business in India, which focuses on branded generics, not proprietary pharmaceuticals, the company has decided to withdraw its membership from Organisation of Pharmaceutical Producers of India (OPPI),” an Abbott spokesperson said.

OPPI – which primarily represents multinational pharmaceutical companies like Pfizer, Roche, Novartis and Sanofi – has been advocating issues mainly related to foreign companies. While this mainly revolves around innovation and patent rights in the country, OPPI has also often raised issues like data integrity, compulsory licensing and quality of medicines.

  • Related Posts

    • Pharma
    • April 19, 2024
    • 25 views
    US FDA Mandates Label Updates On CAR-T Cancer Therapies

    Washington: The U.S. Food and Drug Administration said on Thursday cancer therapies that use CAR-T technology will require changes to the so-called “boxed warning” to highlight the serious risk of T-cell blood…

    • Pharma
    • April 19, 2024
    • 16 views
    Karnataka Fails To Take Action Against 1,700 Fake Doctors

    Bengaluru: A startling revelation has come to light nearly 17,00 fake doctors have been identified in the AYUSH department in Karnataka. Shockingly, despite these discoveries, no significant action has been taken…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    US FDA Mandates Label Updates On CAR-T Cancer Therapies

    US FDA Mandates Label Updates On CAR-T Cancer Therapies

    Karnataka Fails To Take Action Against 1,700 Fake Doctors

    Karnataka Fails To Take Action Against 1,700 Fake Doctors

    Chhattisgarh Pharmacy Council Issued Certificates For Hundreds Of Fake Pharmacists Without Verification

    Chhattisgarh Pharmacy Council Issued Certificates For Hundreds Of Fake Pharmacists Without Verification

    Gujarat FDCA Approved 133 New Drug Manufacturing Units In FY24

    Gujarat FDCA Approved 133 New Drug Manufacturing Units In FY24

    DCGI Informs SLAs Antibiotic Combo Meropenem 1 Mg & EDTA For Injection Has No Approval

    DCGI Informs SLAs Antibiotic Combo Meropenem 1 Mg & EDTA For Injection Has No Approval

    DCA Raids Two Illegal Pharmacies; Seizes Stocks Of Over 60 Types Of Drugs

    DCA Raids Two Illegal Pharmacies; Seizes Stocks Of Over 60 Types Of Drugs