India cancer ruling opens door for cheaper drugs

As the press agency Reuters announced today, the Indian Patent Office yesterday effectively ended German drugmacker Bayer’s monopoly for its Nexavar drug and issued its first-ever compulsory license allowing local generic maker Natco Pharma to make and sell the drug cheaply in India.


It is only the second time a nation has issued a compulsory license for a cancer drug after Thailand did so on four drugs between 2006 and 2008, also on affordability grounds.

„This could well be the first of many compulsory rulings here,“ said Gopakumar G. Nair, head of patent law firm Gopakumar Nair Associates and former president of the Indian Drug Manufacturers‘ Association. „Global pharmaceutical manufacturers are likely to be worried as a result … given that the wording in India’s Patent Act that had been amended from ‚reasonably priced‘ to ‚reasonably affordable priced‘ has come into play now.“

The new wording is seen as a lower threshold for compulsory licenses, which can be issued under world trade rules by nations that deem major life-saving drugs to be too costly. The licenses allow them to authorize the local manufacture or importation of much cheaper, generic versions.

India has one of the world’s fastest-growing rates of HIV and heart disease is another big killer, but widespread poverty in Asia’s third-largest economy makes many non-generic drugs unaffordable for millions. Bayer’s Nexavar cancer drug costs around $5,500 a month in India, making it „not available to the public at a reasonably affordable price“, the patent office ruled.

Natco’s finance chief, Baskara Narayana, told Reuters that sales of the generic version of Nexavar, whose chemical name is sorafenib, were expected to be about 250 million to 300 million rupees ($5-6 million) a year once it is launched.

Bayer, which developed Nexavar with U.S. biotech firm Onyx Pharmaceuticals, said it was evaluating its options. „We are disappointed by the decision of the Patent Controller in India to grant a compulsory license for Nexavar,“ Bayer said in a statement. Tapan Ray, director general of the Organization of Pharmaceutical Producers of India, an industry group of multi-national drugmakers, said the Bayer ruling was disappointing. „The solution to helping patients with innovative medicines does not lie in breaking patents or denying patent rights to the innovators.“

To read the full article pleace klick here.

We were Creativ!

The weekend is over and so is the Creativ Salzburg, Austria’s only trade fair for gifts, habitat accessories and lifestyle items. We had a great time and met a lot of retailers! Some of them were just flashed as they saw our innovative product line.

At our stand we showed exclusive inventions such as the Tea Diver, Tea Fishing, innovative postmarks, the Bunjee or Alpine air and some prototyps.

And the next fair about inventions and innovations at which we will participate is already coming up. See you from 22. – 23. March at the „Genial invention fair OWL“ in Gütersloh, Germany!

Our exclusive products

Our plans for the weekend? Yesterday we already told you that we will participate at the Creativ Salzburg. Today we want to introduce you some of our innovative fair products:

The Tea Fishing from the Korean design studio AbelParnters, for which we have the exclusive distribution rights in Germany and Austria, for instance.

As you know, tea bags have a common problem. The string often slips into the hot water cup. Tea Fishing avoids that. Just put the little figures on the edge of the cup, the string of the tea bag into the fishing pole and your tea bag stays where it should.





Remember our Tea Diver?

This is another innovative product from AbelPartners you will see at our Creativ stand at the Salzburg Exhibition Centre in hall number 10, stand 712.

We look forward to meet you there!

Coming up: Creativ Salzburg!

On the road again… We just returned from the Ambiente in Frankfurt, Germany and now we are heading to the next important fair – the Creativ Salzburg, an international trade fair for gifts, home accessories, design- and lifestyle articles!

It´s the industries number one ordering event for gifts, habitat accessories and lifestyle items in Austria.

From this Friday until Sunday (02. – 04. March) retailers can visit the Inventor Shop-team at the Salzburg Exhibition Centre in hall number 10, stand 712 . On Friday and Saturday from 9 am until 6 pm, and on Sunday until 5 pm.

At our stand trade visitors will find creative new products from all over the world such as the Tea Fishing from Korea or the Bunjee from the United Kingdom for which we have the exclusive distribution rights in Germany.

Interested? Just stop by! We look forward to meet you.

The Inventor Shop @ Ambiente

The best ideas, the most creative impulses, the most exciting new products. As the world’s most important event for the consumer-goods sector, the Ambiente in Frankfurt, Germany puts new life into the market – and gives your business an unparalleled boost. And guess what! The Erfinderhaus Patentvermarktungs GmbH group, of which InventorHaus, Inc. is part of, was there and represented its Inventor Shop!

With over 4500 exhibitors, the Ambiente consumer-goods fair offers an unrivalled overview of the world market in terms of breadth and depth. As the biggest and most international order platform, it attracts around 145.000 trade visitors a year who come to Ambiente to compile their assortments.

And as you can imagine this is a great chance to do business, like we did. At our stand visitors could see many extraordinary products. Like the Tea Diver, a new unique tea infuser, which was created by Korean designers and for which we have the exclusive distribution rights for Germany.

We had a great time! And our next fair is already coming up. Soon you can also visit us at the Creativ in Salzburg, Austria. We´ll keep you up to date!