Last year, Cipla also slashed prices in India on its cancer medicines by up to 63%.
Several produce and sell generics overseas--like Yusuf Hamied, who heads leading generics producer Cipla.
Meanwhile Bayer is fending off another competitor, Cipla, which has sold generic Nexavar in India for years.
Cipla, a manufacturer of off-patent drugs in India, says that it plans to supply the drug cheaply next year.
Shares of Novartis India fell almost 5% on the Bombay Stock Exchange, while stocks of generic drugmakers such as Cipla and Natco rose after the judgement.
BBC: Novartis: India rejects patent plea for cancer drug Glivec
Returning to the list after a one-year absence are Yusuf Hamied, head of generics producer Cipla, and Brijmohan Lall Munjal, patriarch of Hero Group, maker of motorcycles and bicycles.
Lastly, the leaders of three generic companies, Actavis, Biocon, and Cipla were rewarded for doing what was long dismissed as impossible: building profitable companies by selling medicines at cut-rate prices.
Other generics companies, such as Cipla and Mylan Inc.
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Pratibha Singh, a lawyer for the Indian generic drug manufacturer Cipla, said the ruling had set a precedent that would prevent international pharmaceutical companies from obtaining fresh patents in India on updated versions of existing drugs.
BBC: Novartis: India rejects patent plea for cancer drug Glivec
Dr. Reddy's Laboratories (nyse: RDY - news - people ) has already applied with the Food and Drug Administration to sell the drug in the U.S. when Bayer's patent expires, and other drugmakers in India, like Cipla and Ranbaxy Labs, might jump at the chance to meet U.S. supply needs.
Pratibha Singh, a lawyer for the Indian generic drug manufacturer Cipla, which makes a version of Glivec for less than a tenth of the original drug's selling price, said the court ruled that a patent could only be given to a new drug, and not to those which are only slightly different from the original.
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