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accountINDIA PHARMACEUTICALS
In the early 1960s the Indian government started the process that would enable its pharmaceutical industry to flourish. The Patents Act of 1970 removed composition patents from food and drugs and shortened the process patents to a period of five to seven years. Though the lack of patent protection scared away some multinational companies, Indian-owned companies have started to take their place. India Pharmaceuticals covers the continued growth and regulation of the industry, as well details on new R&D efforts.
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