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Indian Supreme Court Denies Novartis Cancer Drug Patent
beltsbear writes "Following a reasonable view of drug patents, the Indian courts have decided that making small changes to an existing patented drug are not worthy of a new patent. This ruling makes way for low cost Indian cancer drugs that will save lives. From the Article: 'Novartis lost a six-year legal battle after the court ruled that small changes and improvements to the drug Glivec did not amount to innovation deserving of a patent. The ruling opens the way for generic companies in India to manufacture and sell cheap copies of the drug in the developing world and has implications for HIV and other modern drugs too.'"
Correction: the price of testing drugs is mostly due to the bribes that need to be applied for them to be approved and the patents granted.
In my opinion drug development is one of the few things that should never be delegated to private companies.