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Piyush Goyal criticises firms attempts to secure pharma patents through minor innovations

New Delhi: Millions of people could be denied access to affordable medicines due to attempts by companies to secure pharmaceutical patents through minor innovations, Commerce and Industry Minister Piyush Goyal cautioned on Sunday, as he condemned such practices in the pharmaceutical industry.
Addressing an event, he emphasized that the pursuit of "super-natural" profits by a few companies and their shareholders comes at the cost of widespread access to quality and equitable healthcare.
According to PTI, Goyal said, "I received requests very often that we should also allow pharmaceutical companies... to have incremental changes to their patents and allow them to have a fresh patent for another long period of time, which we normally understand that as evergreening of patents.
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751