Varenicline Global Market Report 2024

Description

Varenicline is a medication designed to assist with smoking cessation by alleviating withdrawal symptoms and blocking the effects of nicotine on the brain. It functions as a partial agonist at nicotinic acetylcholine receptors, helping to reduce cravings and making the process of quitting smoking more manageable.

The primary forms of varenicline are 0.5 mg tablets and 1 mg tablets. The 0.5 mg tablets are used to gradually decrease nicotine cravings and withdrawal symptoms, aiding users in the process of quitting smoking and enhancing long-term success. Varenicline can be administered orally, sublingually, or transdermally, and is intended for use by smokers, ex-smokers, and those preparing to quit. Its applications include hospitals and drug stores.

The varenicline market research report is one of a series of new reports from the business research company that provides varenicline market statistics, including varenicline industry global market size, regional shares, competitors with an varenicline market share, detailed varenicline market segments, market trends and opportunities, and any further data you may need to thrive in the varenicline industry. This varenicline market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The varenicline market size has grown strongly in recent years. It will grow from $1.6 billion in 2023 to $1.7 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The increase observed during the historic period can be attributed to the rise in smoking cessation initiatives, regulatory approvals and recommendations, effective and safe profiles, heightened research and development efforts, and the growing incidence of smoking-related diseases.

The varenicline market size is expected to see strong growth in the next few years. It will grow to $2.17 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The projected growth during the forecast period can be attributed to advancements in smoking cessation research, expansion into emerging markets, integration with digital health solutions, government support and subsidies, and a heightened focus on personalized medicine. Key trends in the forecast period include the integration with digital health technologies, the development of combination therapies, personalized smoking cessation plans, government expansion, and insurance coverage.

The increasing prevalence of smoking addiction is projected to drive the growth of the varenicline market in the future. Factors such as easy access to cigarettes and other tobacco products, along with social influences and peer pressure, particularly among individuals, are contributing to higher smoking rates. Varenicline is a prescription medication designed to aid smoking cessation by reducing cravings and withdrawal symptoms while also diminishing the pleasurable effects of nicotine. For example, in July 2022, Statistics Canada, a Canadian government agency, reported a 5.8% increase in cigarette production compared to June 2021. Additionally, the total number of cigarettes sold rose by 1.3% from May 2022, reaching 1.4 billion in June 2022. Consequently, the growing prevalence of smoking addiction is expected to boost the varenicline market.

Major players in the varenicline market are concentrating on developing new formulations and delivery methods, such as generic tablets, to enhance their market leadership across various regions and secure a competitive advantage. Generic varenicline tablets are non-branded versions of the medication containing varenicline tartrate, which is bioequivalent to the original branded product and is used for smoking cessation therapy. For example, in January 2024, Lupin Limited, an India-based pharmaceutical company, introduced new varenicline tablets in the United States, available in 0.5 mg and 1 mg strengths. These tablets are generic versions of Chantix tablets (0.5 mg and 1 mg) from P.F. Prism C.V. and are intended to support smoking cessation treatment.

In April 2023, SK Capital Partners LP, a US-based private investment firm, acquired Apotex Pharmaceutical Holdings Inc. for an undisclosed amount. Through this acquisition, SK Capital aims to utilize Apotex's renowned brand, extensive product portfolio, global reach, and experienced team to drive growth and boost shareholder value. Apotex Pharmaceutical Holdings Inc., a Canadian pharmaceutical company, produces drugs for smoking addiction, including varenicline.

Major companies operating in the varenicline market are Pfizer Inc., Biocon Limited, Oyster Point Pharma Inc., Viatris Inc., Teva Pharmaceutical Industries Ltd., Sandoz International GmbH, Nanjing Clasien Pharmaceutical & Chemical Co. Ltd., Hetero Drugs Limited, Sun Pharmaceutical Industries Ltd, Aurobindo Pharma Limited, Dr. Reddy's Laboratories Ltd., Cipla Limited, Apotex Inc, Amneal Pharmaceuticals LLC, Lupin Limited, Alkem Laboratories Ltd, Glenmark Pharmaceuticals Limited, Jubilant Life Sciences Limited, Alembic Pharmaceuticals Limited, Torrent Pharmaceuticals Ltd., Medley Pharmaceuticals Ltd, Wockhardt Ltd, Par Pharmaceutical Inc, Torrent Pharmaceuticals Ltd, Cadila Healthcare Limited (Zydus Cadila), Lee Pharma Limited, Viwit Pharmaceuticals Limited, Leading Pharma LLC

North America was the largest region in the varenicline market in 2023. The regions covered in the varenicline market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the varenicline market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The varenicline market consists of sales of par pharmaceutical varenicline, champix, and injections, as well as extended-release or combination therapies used for smoking cessation. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Varenicline Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on varenicline market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for varenicline ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The varenicline market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: 0.5 Mg Tablets; 1 Mg Tablets
2) By Route Of Administration: Oral; Sublingual; Transdermal
3) By Patient Type: Smokers; Ex Smokers; Pre Quitters
4) By Application: Hospital; Drug Store
Companies Mentioned: Pfizer Inc.; Biocon Limited; Oyster Point Pharma Inc.; Viatris Inc.; Teva Pharmaceutical Industries Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r19807

1. Executive Summary

2. Varenicline Market Characteristics

3. Varenicline Market Trends And Strategies

4. Varenicline Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Varenicline Market Size and Growth

5.1. Global Varenicline Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Varenicline Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Varenicline Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Varenicline Market Segmentation

6.1. Global Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
0.5 Mg Tablets
1 Mg Tablets
6.2. Global Varenicline Market, Segmentation By Route Of Administration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Oral
Sublingual
Transdermal
6.3. Global Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Smokers
Ex Smokers
Pre Quitters
6.4. Global Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hospital
Drug Store

7. Varenicline Market Regional And Country Analysis

7.1. Global Varenicline Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Varenicline Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Varenicline Market

8.1. Asia-Pacific Varenicline Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Varenicline Market

9.1. China Varenicline Market Overview
9.2. China Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Varenicline Market

10.1. India Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Varenicline Market

11.1. Japan Varenicline Market Overview
11.2. Japan Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Varenicline Market

12.1. Australia Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Varenicline Market

13.1. Indonesia Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Varenicline Market

14.1. South Korea Varenicline Market Overview
14.2. South Korea Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Varenicline Market

15.1. Western Europe Varenicline Market Overview
15.2. Western Europe Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Varenicline Market

16.1. UK Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Varenicline Market

17.1. Germany Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Varenicline Market

18.1. France Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Varenicline Market

19.1. Italy Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Varenicline Market

20.1. Spain Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Varenicline Market

21.1. Eastern Europe Varenicline Market Overview
21.2. Eastern Europe Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Varenicline Market

22.1. Russia Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Varenicline Market

23.1. North America Varenicline Market Overview
23.2. North America Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Varenicline Market

24.1. USA Varenicline Market Overview
24.2. USA Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Varenicline Market

25.1. Canada Varenicline Market Overview
25.2. Canada Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Varenicline Market

26.1. South America Varenicline Market Overview
26.2. South America Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Varenicline Market

27.1. Brazil Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Varenicline Market

28.1. Middle East Varenicline Market Overview
28.2. Middle East Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Varenicline Market

29.1. Africa Varenicline Market Overview
29.2. Africa Varenicline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Varenicline Market, Segmentation By Patient Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Varenicline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Varenicline Market Competitive Landscape And Company Profiles

30.1. Varenicline Market Competitive Landscape
30.2. Varenicline Market Company Profiles
- 30.2.1. Pfizer Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Biocon Limited
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Oyster Point Pharma Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Viatris Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Teva Pharmaceutical Industries Ltd.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Varenicline Market Other Major And Innovative Companies

31.1. Sandoz International GmbH
31.2. Nanjing Clasien Pharmaceutical & Chemical Co. Ltd.
31.3. Hetero Drugs Limited
31.4. Sun Pharmaceutical Industries Ltd
31.5. Aurobindo Pharma Limited
31.6. Dr. Reddy's Laboratories Ltd.
31.7. Cipla Limited
31.8. Apotex Inc
31.9. Amneal Pharmaceuticals LLC
31.10. Lupin Limited
31.11. Alkem Laboratories Ltd
31.12. Glenmark Pharmaceuticals Limited
31.13. Jubilant Life Sciences Limited
31.14. Alembic Pharmaceuticals Limited
31.15. Torrent Pharmaceuticals Ltd.

32. Global Varenicline Market Competitive Benchmarking

33. Global Varenicline Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Varenicline Market

35. Varenicline Market Future Outlook and Potential Analysis

35.1 Varenicline Market In 2028 - Countries Offering Most New Opportunities
35.2 Varenicline Market In 2028 - Segments Offering Most New Opportunities
35.3 Varenicline Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer