Ad Here  
January
February
March
April
May
June
 
 
Multi-faceted Venkat Padma Bhushan for A Ramakrishna Mersal magnified Welcome GST Put expensive assets created to use... Where a state respects its litterateurs… Cutting the nose to spite the face L&T: focus on infrastructure and more infrastructure… Permanent secretariat for TN GIM Adapt Vajpayee dinner diplomacy A welcome initiative by the judiciary Delhi Chalo... For whom the MIDS bell tolls? B H Kothari - a tribute Waning interest in public discussions… The star of Spencers is no more TN-leverage strength of BHEL, NLC... Reliance’s TV – 18 ready to launch Tamil News Channel Lesson from Chandrababu Naidu Wise Presidents Modi and the lady Shanti and Sadhana through Music An inexplicable neglect Fortune 500 review Alexa – Talking Wikipedia New IT products of Ramco in the pipeline… Godspeed, Chief Minister JJ Liberal imports idling indigenous capacities When Ratan Tata visited SRM Auto components surge… Tribute Return to king coal for urea... Contrarian cousins A yen for wastage… Small units prefers to remain small... London, London Narayan The power-full Hindujas Solar, solar everywhere … The sea- saw battle continues... PC’s preference for professionals When TN politicians can emulate Kerala's Insurance companies bleeding, yet no decision on increasing FDI limit! Intellectual of rare qualities Cement prices continue to rise… The Gulf aviation boom Boy, can you beat these? Computation of GDP – conundrums continue CRS, a jewel among managers, is no more. Excel Generators provide the vital back-up A Grand Finale for SN’s MS centenary at the US… Moily’s bold thrust TN – agglomerate land holdings without alienating ownership Naidu’s return augurs well for Seemandhra For whom the bell tolls? Valli, they are more marginalised Poor quality of university VCs The brown list of Venkitaramanan Parliament in paralysis... The Swadeshi Trump Cleaning Ganga – relocate tanneries and install electric crematoria Engineering seats go abegging Streamlining mandatory third party cover Airlines in India: cost and space Land reclamation from sea appears cheaper! All eyes on Sankara Nethralaya Fall in crude prices help in oil sector reform An enemy’s enemy is a friend When nations steal growth from one another… to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines A professional at the helm of IRDA... ONGC at KG Basin West Bengal: mindless malignancy Protest masters... No Maha Koottani in TN... This scant respect for Law Inflation: are we emulating Argentina and Brazil? Preserving for the future CII projects higher growth… Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai IPL - no surprise this scam Silver Years of Madras Musings Tatas moving out of urea production... Demise of a media baron... No engine for this car …and of a popular trade leader F C Kohli - his concerns all embracing Banning booze... Shaming of Tamils by Tamil farmers at Delhi Infrastructure funding – lessons learnt Building loyalty through the stomach Scientists urged to take up farmer-oriented research Increasing non co-operation of state leaders Delhi is distant… CIPET hqrs to stay at Guindy – for the present? Not just in-laws (and outlaws); they’ve renowned academics at the helm! Colour-Chem’s colourful KRVS Revving up the manufacturing sector L&T- the specialty of special purpose vehicles He saved millions from starvation... Welcome changes that testify to Jayalalithaa’s return to health Revive development banks... Tax agriculture Diamond jubilee of Egmore Samskrt School A C Muthiah – his munificent bequeaths to science Shale gas and its shallow future Noble nonagenarians... Road development slows down The Ports’ Pasha expands into Tamil Nadu Tatas moving out of urea production... Sweeter prospects for sugar Eternal support for capitalisation of PS banks Plummeting profits of PSBs Remembering Indira Sivasailam... Maximising the micro pricing … Quality silica from Neyveli Why land prices zoom in TN? Tribute – Manikam Ramaswami Tribute – UCAL Selvan… Don’t seem to feel the pulse… Welcome focus on core competence Gas is the way forward A rich pool of talent not utilised…. Air Asia India will set new benchmarks for budget travel Whistle-Stop Tour of Raghuram Rajan Make standards certification mandatory... Breaththrough in malaria control China invests in India A Grand Finale for SN’s MS centenary at the US… Dr C Rangarajan returns to Chennai Bihar – Nitish Kumar adopts the Lalu model A think tank for Chennai Secularism and anti-Hinduism IPL type auction for VCs? PPP mode for upgrading Corporation Hospitals Roaring Ro-Ro facility Wanted: a second airport for Chennai The few handicaps... Why this malaise in medical education? How Air-India loses customs... Muffled voices for merit… Robber barons everywhere Rahman at CIC Kudos to NDTV... Delhi is distant Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Fortune for Indian Airlines The balancing act The rise and fall of Annamalai University More tributes to GR Fuel for thought Things happen by accident and not by design... When small is no larger beautiful.. Delhi returns to BJP CSR and CMI: promise of another Srinivasan Ramanujan... A friendly business group Making ‘my Amaravati’... Kulandai was a giant Another Indian music maestro at the UN R Sridhar steps down as CEO of Shriram Capital WTO Meet: resolved to meet again SoA @ 80 The ‘Jayanthi Tax.’ Mu Sigma – is no more Poor representation for Kerala and TN in Cabinet Nuclear power at the nucleus Russi Mody – a tribute Medical costs hit the roof... Readers' Mail Of course, Gujarat is vibrant Vibrant Gujarat More heat than light More Shakti to resource mobilisation... GNS - 100: our first subscriber Modi storms Silicon Valley Recognition to role of NBFCs.... Towards speedy justice Adharma of opposition politics Odisha: spectacular win by Naveen Patnaik Quality education through the PPP mode Focus on quality of power - its only around 170-180V Sweet news for TN sugar mills GM Technology at last! Limit foreign borrowings to hi-tech, export potential projects... Polls and promises Shipping woes of Chennai companies Five star activism stalls development activity An informal presentation - analytical, forward locking... IAS invades NDDB... The rise and rise of KCP TELANGANA at last…BUT Come elections, come advertisements... Paytm karo... A glass full of corruption Should we change the official year? When the President was rendered homeless… Which side are you, Montek? Lalu’s envy, India’s pride Welcome thrust on trade in Modi’s foreign visits... Like Hinduism: many paths to reach God... Strengthen the base... Online not in line with brick and mortar businesses... Solar thermal shines… Tihar, Puzhal not different from Parappana Agrahara Where is Rajaji? A more liberated TN… Measuring roof tops in terms of KW/MW The ‘Ayyo-yes’ is no more EEC at the National Media Centre TGS- The king storyteller Haul over the coal Kinetic Karnataka Tough task taking states together He continues the focus on social amelioration TN accounts for the largest recruits by the IT sector Editor's Says Gay abandon in pricing Build close rapport with business leaders Tribute – M V Murugappan Naidu will soon build a new Hyderabad MHC should not return to its old indisciplined ways TIAM turns a full cycle When online building permits work…. There was flood of milk. Reason: no milk commissioner! S Ramanathan – a versatile musician, musicologist More Shakthi to Das’ elbow Bihar elections - the Rajaji formula worked Discoms deserve better… S V Raju – a ‘good’ true liberal Convulsions in The Hindu EVM is tamper-proof Music happens No mega rail project for Tamil Nadu Sri Lanka votes for change Rs.1600 crore paper board plant of TNPL The nuclear option A proud Madrasi Telangana in top gear… Marketing expert Balagopal is no more The why of tax incentives Editor's Notes Funding the un-funded Align crops to agro climate endowments… The Jan Dhan bonanza Pharma – overdose of copying
 
Pharma – overdose of copying

In the initial formative years, pharma companies in India worked on copying branded drugs through reverse engineering and sold many drugs as generics.  This helped several Indian companies like Ranbaxy and Dr Reddy’s Laboratories build large volumes and profitable operations. They have been able to sell many branded products of the west as generics at low prices in India. For years, Indian pharma companies flourished.

Disappointingly, these did not focus simultaneously on research to formulate new molecules and new drugs, which are admittedly expensive.

Large pharma companies in the US and Europe were affected by such extensive copying and violation of intellectual property rights. They  spent

$ 500 million and more for discovering a new drug over a decade. The costs were admittedly high and involved extensive research over multi disciplines. The IPR regulations were also strictly followed in the US and European countries. The sanctity of IPR was respected by the leading drug companies.

Understandably, these companies have been deeply affected by the mindless copying of their prized products.  They adopted a three-pronged strategy to hit back:

•    The first one was to buy outright large Indian companies like Ranbaxy.

•    The second was to file a number of court cases on violations of FDA Rules of USA in regard to quality and ethical issues. These impacted on the operations of companies including Ranbaxy and Dr Reddy’s Laboratories.

• The third was to buy out increasing proportion of shares of companies with a view to influencing policies from within.

These strategies have cumulatively impacted severely on several Indian drug companies. Apart from Ranbaxy and Dr Reddy’s Labs, Orchid Pharma has passed control to Hospira, USA. Other companies that have been growing fast like Aurobindo Pharma are also under threat.

Leading scientist Dr G Thyagarajan, who has made rich contributions to the Indian pharma and chemical industries, holds the Indian pharma companies responsible for this sad state of affairs. He points to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines, said GT.

 

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com