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Apr 26, 2026Β·substack.com

The Pharmacy Formula the World Can't Quit

India is the β€œPharmacy of the World”— not by accident, but by design.

The 1970 Patents Act flipped the script: instead of product patents (owning the molecule), India allowed process patents. Any company could legally manufacture the same drug using a different method β€” making patented medicines up to 99% cheaper.