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URGENT ¥¥¥ Novartis loses Indian patent fight in landmark ruling

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(Globalpost/GlobalPost)

India's top court denied Monday a patent request by Swiss drug giant Novartis for its cancer drug Glivec in a landmark decision seen as crucial for India's status as a global source of cheap medicines.

The Supreme Court ruled that the compound for which Novartis was seeking a patent "did not satisfy the test of novelty or inventiveness" required by Indian law.

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http://www.globalpost.com/dispatch/news/afp/130401/urgent-novartis-loses-indian-patent-fight-landmark-ruling