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