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