India's drug challenge
Article Abstract:
Burroughs Wellcome Co, the US manufacturer of AIDS-treatment drug Zidovudine, is bound to lose part of its market once Indian pharmaceutical company Cipla introduces into the market its own version of Zidovudine. The Cipla product will be sold in India by Nov 1992 at one-fourth the price of Burroughs Wellcome's Zidovudine. Cipla's decision to market their cheaper AIDS drug will not only undercut the market of Burroughs Wellcome, but will also worsen the US-Indian dispute regarding protection of patented pharmaceuticals. Indian law awards copyrights for processes and not for products.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Power play: India turns to private sector for new projects
Article Abstract:
Indian Prime Minister P.V. Narasimha Rao has opened up India to the private-sector financing of electric power projects. Three recent decisions demonstrate the government's abandonment of traditional preference for the public sector: the issuing of counter-guarantees for the sale of privately generated power; the allowance of multilateral funding; and protection of a high rate of return for private investors against fluctuating exchange rates. The Indian government hopes that the 41 planned private-sector projects, worth $5.5 billion, will allow new industrial growth.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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