What is a compulsory license and what is economic rationale

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Reference no: EM133195092 , Length: 4 pages

Saxagliptin

Question 1. What is the difference between a "product patent" and a "process patent"? How will developing countries be affected if they adopt a product patent regime?

Question 2. What is a compulsory license and what is the economic rationale behind compulsory licensing? On what grounds has Lee Pharma applied for a compulsory license for Saxagliptin? Is Lee Pharma justified in applying for a compulsory license for Saxagliptin?

Question 3. Should the Indian Patent Office grant a compulsory license to Lee Pharma? Use an economic rationale to justify your stand.

Question 4. What strategic changes should multinational pharmaceutical companies make to their business processes in order to avoid or deal with the issue of compulsory licenses for their patented drugs in developing countries?

Reference no: EM133195092

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