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
    • December 21, 2024
    • 130 views
    Karnataka Govt Files Criminal Cases Against Pharma Firm In Ballari Maternal Deaths Case

    Bengaluru: The Karnataka government has initiated prosecution against Paschim Banga Pharmaceuticals after five women died following C-section deliveries in Ballari district, where they were administered the company’s IV fluid. Health Minister…

    • Pharma
    • December 21, 2024
    • 192 views
    NPPA Notifies Ceiling Price Of 13 Formulations, Retail Price Of 65 New Drugs

    New Delhi:  The National Pharmaceutical Pricing Authority (NPPA) has notified ceiling price fixation of 13 scheduled formulations, retail price fixation of 65 new drugs against applications from individual companies, and…

    Leave a Reply

    Your email address will not be published.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

    You Missed

    Karnataka Govt Files Criminal Cases Against Pharma Firm In Ballari Maternal Deaths Case

    Karnataka Govt Files Criminal Cases Against Pharma Firm In Ballari Maternal Deaths Case

    NPPA Notifies Ceiling Price Of 13 Formulations, Retail Price Of 65 New Drugs

    NPPA Notifies Ceiling Price Of 13 Formulations, Retail Price Of 65 New Drugs

    Over 14,000 PMBJK Centres Set Up To Provide Generic Medicines: Govt

    Over 14,000 PMBJK Centres Set Up To Provide Generic Medicines: Govt

    Telangana DCA Cracks Down On Illegal Drug Practices

    Telangana DCA Cracks Down On Illegal Drug Practices

    Pune: Two Arrested For Selling Illegal Steroid Injections In Gyms

    Pune: Two Arrested For Selling Illegal Steroid Injections In Gyms

    Serum To Make Chikungunya Vaccine In India

    Serum To Make Chikungunya Vaccine In India