Venus Remedies Wins Paracetamol Patent Dispute
Venus Remedies wins the Paracetamol patent dispute with the French company, the legal battle going on for 10 years.
Drug firm Venus Remedies has won the patent rights battle for the Paracetamol drug with French company SCR Pharmatop, which was going on for ten years.
The Indian pharmaceutical company had launched a legal battle to overcome the patent rights hurdle in manufacturing paracetamol solutions in the country.
The Indian Patent Office, in its June 4 decision, ruled in favor of the Indian pharmaceutical company and upheld its decision to withdraw the patent.
It is known that Venus Remedies had opposed the patent in the year 2011. After this, the patent was withdrawn in 2018.
However, SCR Pharmatop later moved to the Delhi High Court and the Intellectual Property Appellate Board (IPAB).
The company’s President, Saransh Choudhary said that in this difficult period of Corona.
Our endeavor was to ensure that essential medicines like Intravenous Paracetamol continue to be commonly manufactured and accessible to the general public in our country at affordable prices.
In a statement issued by Venus Remedies, it was said that paracetamol (intravenous) given in the form of injection works very well in diseases like fever and fever.
The removal of the patent barrier on this drug is a good development for the healthcare sector in the country battling the current COVID-19 pandemic.
Venus Remedies based in Baddi, Himachal Pradesh is one of the world’s leading Paracetamol Injection manufacturers with a presence in over 70 countries.
Jobs in IT Sector: 96 thousand people will get jobs, five IT companies are doing recruitment in 2021-22: NASSCOM.
The top five companies in the IT sector will employ more than 96 thousand employees in the current financial year.
Nasscom, the apex body of IT companies, said the information technology sector continues to be the largest recruiter of skilled talent.
Recently, Bank of America in a report has predicted that software companies will lay off three million employees by 2022 due to increased automation. Most of this will be in the technology sector.
Nasscom said in a statement, “With the development of technology and increase in automation, the nature of traditional IT jobs and roles will evolve holistically, leading to new jobs.
The IT sector has created the largest number of skilled talent hires and has employed 1,38,000 people in FY21.
Nasscom emphasized that it has prepared a strong plan to recruit more than 96 thousand IT companies in the financial year 2021-22.
