Ensure no unfair practices in pharma industry: Prez

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 12:12 AM IST

Anguished over manufacture of spurious drugs and unethical practices in the Pharmaceutical industry, President Pratibha Patil today said there was need for the industry and health care organisations to ensure quality and safety of medicines.

"It is the responsibility of every health care provider and health care organisation to ensure that quality and safety of medicines are not compromised. There are instances of spurious drugs, which are harmful, being produced. This is a crime and an unethical practice," she said.

Patil was speaking after inaugurating the 71st World Congress of Pharmacy and Pharmaceutical Sciences organised here by International Pharmaceutical Federation (FIP) and Indian Pharmaceutical Association.

"It should not be left to the Government alone to identify such unscrupulous producers. The industry must also have a wing to find out such practices and bring it to the notice of the Government," she said.

The President said about 50 per cent of drugs worldwide are prescribed, dispensed, or sold "inappropriately" which becomes a major reason for health complications and called for efforts from the industry to curb the misuse.

Patil said the Indian pharmaceutical industry is expected to become a $20 billion industry by 2015, from its present turnover of $12 billion.

She said though medical science has made tremendous progress, "it is a matter of concern that a very large part of the world population, mostly in developing countries, has inadequate or no access to health care or essential medicines at affordable cost."

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 04 2011 | 4:50 PM IST

Next Story