Médecins Sans Frontières (MSF) or Doctors Without Borders - the Paris-based international humanitarian-aid organization on Friday, said it has filed a petition in the High Court of Delhi to overturn the patent granted by Indian Patent Office to the US-based Pfizer’s pneumococcal conjugate vaccine (PCV).In its petition MSF argued that in August 2017, the Delhi Patent Office erroneously granted a patent to Pfizer by disregarding the evidence MSF produced indicating that the pharmaceutical giant’s claim to a patent was spurious.MSF argued that the mere addition of serotypes to the already established 7-valent vaccine did not involve a technical advancement – it was merely a tactic to preserve Pfizer’s monopoly for many more years.Close “Examiners in the Indian Patent Office must be aware that the decision they take to grant a patent can directly affect access to life-saving medicines and vaccines in India and across the developing world,” said … [Read more...] about MSF moves High Court against Indian patent given to Pfizer’s pneumonia vaccine
Georgia court of appeals rules
The Madras High Court on Thursday allowed the central and Tamil Nadu governments to install banners to welcome Prime Minister Narendra Modi and Chinese President Xi Jinping for their informal meet here next week.In its interim order, a division bench of Justices M Sathyanarayanan and N Seshasayee, however, made it clear that the Centre and the state have to follow all existing rules in connection with erection of such banners.The court had banned hoardings along the road and it recently pulled up the government for not effectively implementing its order following the death of a woman techie.Close "This court is of the prima facie view that in terms of section 278 Chennai City Municipal Corporation Act (CCMC), the central government or the state government need not seek license in respect of any place in occupation or under their control or in respect of any property belonging to government for erection of digital banners, placards," the bench said. related news CCEA approves … [Read more...] about PM Modi-Xi Jinping meet: Madras HC nod to Centre, TN govt to allow banners
The equity benchmark Sensex scaled a new all-time high of 40,816.38 in the morning trade on November 20. Not just the Sensex, even the Nifty has been rallying at a time when concerns over the Indian economy are growing, with macroeconomic data pointing to a slowdown.Why is the market behaving differently from the economy?"Markets usually run ahead of macros and price future growth. There are three positive indicators for growth – reduction in the corporate tax rate, proposed divestment of large public sector units and a possible resolution of the US-China trade impasse. Therefore, we see growth coming back in 2020. Now, we expect broader markets to outperform," said Sanjiv Bhasin, Director, IIFL Securities.Close Experts and brokerages are of the view that the market is factoring in a recovery in the economy. related news The role of P/E multiple in deciding investment returns Sensex hits a new high, 4 factors that could be fuelling optimism Hot Stocks: Short-term trend … [Read more...] about Economy in stress and markets on a high; time to be careful?
Hemant Ghai and Shailendra Bhatnagar, CNBC AwaazUCO Bank, India’s 8th most valuable PSU bank, said the Supreme Court’s 'landmark' judgement on the supremacy of financial lenders above operational creditors will help bleeding banks recover thousands of crore rupees from defaulting companies in the coming quarters. This should help shore up the battered balance sheets of these banks, mostly state-owned.In an exclusive interview to CNBC Awaaz, UCO Bank CMD Atul Kumar Goel, said FY20 “will be a turnaround year” for the bank and that the next year would be a “golden year.”Close UCO bank shares hit a four-month high of Rs 18.70 on November 20. They rallied 20 percent for the second consecutive trading session and trading has been frozen at the upper end of the intra-day circuit filter as there are only buyers. UCO is the second best performing PSU bank stock for the month so far, having risen 59 percent. related news Yes Bank share price … [Read more...] about UCO Bank MD says FY20 to be turnaround year for bank; stock at 4-month high
Although the E Palaniswami-led government of Tamil Nadu declared a one-day holiday and a week of mourning after celebrated politician M Karunanidhi passed away on Tuesday, it courted controversy by denying land for his burial at the famous Marina Beach.The Tamil Nadu government's Chief Secretary Girija Vaidyanathan had told the press yesterday that land could not be allocated for burial on Kamarajar Salai due to several cases pending in Madras High Court and the legalities involved.She said that the state government was, however, ready to offer two acres of land opposite to Anna University on Sardar Patel Road (Adyar), near Gandhi Mandapam in Guindy.Close The move irked Karunanidhi's son and DMK Working President MK Stalin, who had requested Chief Minister E Palaniswami that his father be buried near Anna Samadhi, the memorial of DMK founder CN Annadurai. The dispute was taken to Madras High Court, which eventually ruled in DMK's favour. related news NSE co-location … [Read more...] about Why did the TN government deny land on Marina Beach for Karunanidhi’s burial?