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Flashcards on Historical Development of Indian Pharmaceutical Industry
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When did the Indian pharmaceutical industry begin?
Early 20th century
Name the act that regulated patenting of drugs in India until 2005.
Indian Patent Act 1970
What triggered the growth of the Indian pharmaceutical industry in the 1970s?
Patent Act 1970
When was compulsory licensing introduced in India?
1970s
What is the significance of the 1995 WTO agreement for the Indian pharmaceutical industry?
India had to comply with TRIPS norms
In what year did India start to recognize product patents?
2005
Which sector did India dominate in the global market before 2005?
Generic drugs
When did India's pharmaceutical market experience liberalization?
1991
Which organization sets standards for pharmaceuticals in India?
Indian Pharmacopoeia Commission
What is India's position in the global pharmaceutical market in terms of volume?
Third largest
What was one major effect of the 1970 Patent Act?
Increased local drug production
Which event in the early 20th century influenced Indian pharmaceuticals?
World War I
What policy was introduced in India in 2002 to boost drug research?
Pharmaceutical Policy 2002
What did the Indian government establish in 1984 for pharmaceutical development?
Department of Biotechnology
What is the focus of the New Drug policy 2019 in India?
Affordable healthcare & innovation
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Test Your Knowledge
When did the Indian pharmaceutical market undergo liberalization?
1970
1991
2005
2019
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Before 2005, which type of drug market did India primarily dominate?
Branded drugs
Herbal medicines
Generic drugs
Biotechnology products
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What is the role of the Indian Pharmacopoeia Commission?
Setting pharmaceutical standards
Enforcing drug patents
Approving new drugs
Funding pharmaceutical research
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In which decade was compulsory licensing introduced in India?
1960s
1970s
1980s
1990s
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As of the current position, India ranks what in terms of pharmaceutical market volume globally?
First
Second
Third
Fourth
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Which act allowed India to decline patenting of drugs until 2005?
Indian Patent Act 1970
Medicinal and Toilet Preparations Act 1955
Drugs and Cosmetics Act 1940
Pharmacy Act 1948
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The 1970 Patent Act had a major effect on:
Local drug production
Foreign direct investment
Medical device manufacturing
Homeopathy
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Which agreement required India to comply with TRIPS norms?
SAARC
NAFTA
WTO
ASEAN
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What was the focus of the New Drug policy of 2019 in India?
Boosting exports
Affordable healthcare & innovation
Intellectual property rights
Regulation of drug trials
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Which global event in the early 20th century influenced the development of the Indian pharmaceutical industry?
The Great Depression
World War I
The Russian Revolution
The discovery of Penicillin
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