Sun Pharma's Dilip Shanghvi said the industry and government were working closely to reduce dependence on one country
India is the largest provider of generic drugs globally, fulfilling about 40 per cent of the generics demand in the US and roughly 25 per cent of all medicines in UK
April-December exports rise 11.5%; estimates peg FY20 numbers at $22 billion
Despite having good demand from across the markets, primarily due to lower prices and easy availability, India controls only 2.4 per cent of global pharma exports
Whenever the domestic economy is not doing well, smart money shifts to export-oriented sectors like pharma
Pharma players to meet DoP to discuss suggestions around implementing ethical marketing practices code
Repositioning an old brand helps expand the footprint, say analysts
Drug makers allowed to tweak product mix or quantity without fresh environment clearance until effluent load is same
Indian companies have also been hit in their global business.
According to Prasad, the relevance of Indian pharma sector as a provider of affordable alternative to the world remains intact
First Indian firm to get contract for supplying generic schizophrenia drug to public hospitals there
Unichem said the product will be commercialised from its Ghaziabad plant
The company said that key points of the observations in Form 483 are the supplier and service provider agreements to be made more robust
Some of the inspections have not yet received a final classification, which raises the potential for OAIs
Iran emerged as a major destination in FY19 with 68% growth after registering negative growth in FY17 and FY18
During the previous quarter too, the Indian drug firms had reported a better than expected performance in the US
LONDON (Reuters) - The cost of developing a new drug has nearly doubled since 2010 and the world's 12 biggest drugmakers are making the lowest return on their R&D investments in nine years, according to Deloitte.
The recall was due to an impurity (N-Nitrosodimethylamine or NDMA) which was found in the recalled products that include valsartan and its combinations
However, drug firms focussed on domestic market would post muted growth in Q2FY19 on a year-on-year basis
The recent guidance from the US Food & Drug Administration (USFDA) on complex generics is expected to provide more clarity to US-focused Indian pharmaceutical formulators in preparing and submitting abbreviated new drug applications (ANDAs), says a report. This will help domestic pharma formulators with pending ANDA approvals to reduce review cycles and expedite approvals, says a weekend report by India Ratings. The current guidance dated October 9 is specific to complex transdermal and topical products. The agency in its mid-year FY19 pharma outlook had identified the lack of scientific and regulatory clarity about complex drugs as one of the key hurdles for approvals of complex products. Indian pharmaceutical formulators have indicated low double-digit pricing erosion for their base portfolio at end-FY18 and were exiting highly generic commercially unviable products and pruning R&D pipeline. The regulatory clarity will benefit formulators such as Lupin ...