Rallis India: Looking into the logjam in 'me too' registrations for agri-chemicals :: Kotak Sec, report link

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Looking into the logjam in ‘me too’ registrations for agri-chemicals. ‘Me too’
registration process has been stalled as Gujarat High Court has ruled that there are
lacunas in the ‘deemed registration’ process as companies don’t register the technicals,
delaying the launch of ‘me too’ products by competition, thereby inflating their profits.
Follow-up of this ruling could unleash changes in the regulatory regime: (1) ‘exclusivity’
periods could reduce to three years only and (2) definition of ‘new’ molecule could be
made more crisp, reducing the number of eligible molecules. Both these changes could
reduce IRRs for future in-licensed products and hence would have negative implications
for companies whose business models are reliant on the same.

LINK
http://www.kotaksecurities.com/pdf/indiadaily/indiadaily22122014al.pdf