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Global Slowdown: Opportunities and Challenges for Indian Pharmaceutical Industry

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Global Slowdown: Opportunities and Challenges for Indian Pharmaceutical Industry
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vaibhav.jain
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Global Slowdown: Opportunities and Challenges for Indian Pharmaceutical Industry - January 12th, 2009

Over the past decade, pharmaceutical companies have entered a difficult period where shareholders, the market and regulators have created significant pressures for change within the industry. The core issues for most of drug companies are declining productivity of in-house R & D, patent expiration of number of block buster drugs, increasing legal and regulatory concern, and pricing issue. As a result larger pharmaceutical companies are shifting to new business model with greater outsourcing of discovery services, clinical research and manufacturing.

Current global financial conditions and the threat of a broad recession accelerated the timetable for implementing transformational changes in global organizations, as the industry confronts lower corporate stock prices and an increasingly cost-averse customer. Leaders of the largest global pharmaceutical companies recognize the need for transformational change in their organizations, but will need to move swiftly to ensure sustained growth.

Transformations in the business model of larger pharmaceutical industry spell more opportunities for Indian pharmaceutical companies. Pharmaceutical production costs are almost 50 percent lower in India than in western nations, while overall R&D costs are about one-eighth and clinical trial expenses around one-tenth of western levels.
The Indian stock market may be dreading a possible recession but Indian pharma companies seem unfazed by slowdown fears. Riding on better sales in the domestic and export markets, Indian pharmaceutical industry is expected to continue with its good performance.
Today Indian pharmaceutical Industry can look forward to the years to come, with great expectations. There are opportunities in expanding the range of generic products as more molecule come off patent, outsourcing, and above all, in focusing into drug discovery as more profits come from traditional plays. At the same time, the Indian Pharma Industry would have to contend with several challenges particularly the effects of new product patent, drug price control, regulatory reforms, infrastructure development, quality management and conformance to global standards.
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Vaibhav Jain
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Re: Global Slowdown: Opportunities and Challenges for Indian Pharmaceutical Industry
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ganesh.shetty
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Re: Global Slowdown: Opportunities and Challenges for Indian Pharmaceutical Industry - March 16th, 2009

tht is a very gud article.....the facts r great..
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Darpan Mehta
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Re: Global Slowdown: Opportunities and Challenges for Indian Pharmaceutical Industry - March 19th, 2009

really good one. keep it up and provide detailed report if you have.
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