National Intellectual Property Rights (IPR) Policy

Q.  Which of the following is/are true?

1) The new IPR policy does not see IPRs as a marketable financial asset.
2) The new policy makes no changes to the sections which prevent ever-greening of drug patents and grants compulsory licenses.
- Published on 17 May 16

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2

ANSWER: Only 1
 
  • The new policy aims to pushes IPRs as a marketable financial asset, promote innovation and entrepreneurship, while protecting public interest.
  • It will ensure availability of essential and life-saving drugs at affordable prices.
  • The policy also states that India shall remain committed to WTO’s Doha Declaration on WTO’s TRIPS Agreement and Public Health.

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