Challenges to India’s Patent Regime: Pharma Industry The works
of the founder of the states, law givers tyrant destroyers and
Heroes cover but narrow spaces, and endure but for a little
time, while the Work of the inventor though of less pomp is felt
everywhere and last forever. (Francis Bacon) A PATENT is an
exclusive right granted to a person who invented a new article
or an improvement of an existing article or a new process of
making an article. It consists of an exclusive right to
manufacture the new article invented or manufacture an article
according to the invented process for a limited period. Object
Of Patent Law: The object of granting a patent is to encourage
and develop a new technology and industry. An inventor may
disclose the new invention only if he is rewarded, otherwise he
may work it secretly. Thus the theory upon which the patent
system is based upon is that the opportunity of acquiring
exclusive rights in an invention stimulates technical progress
in four ways: • that it encourages resea