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Tribute – Manikam Ramaswami Fall in crude prices help in oil sector reform Parliament in paralysis... IAS invades NDDB... Diamond jubilee of Egmore Samskrt School Limit foreign borrowings to hi-tech, export potential projects... The Jan Dhan bonanza Banning booze... Kulandai was a giant A yen for wastage… Make standards certification mandatory... Polls and promises Excel Generators provide the vital back-up Sweet news for TN sugar mills The nuclear option Breaththrough in malaria control Maximising the micro pricing … Fuel for thought More tributes to GR Put expensive assets created to use... Delhi is distant Inflation: are we emulating Argentina and Brazil? Naidu’s return augurs well for Seemandhra S V Raju – a ‘good’ true liberal Tribute – M V Murugappan Quality silica from Neyveli An enemy’s enemy is a friend Naidu will soon build a new Hyderabad Solar, solar everywhere … A more liberated TN… Godspeed, Chief Minister JJ Protest masters... Whistle-Stop Tour of Raghuram Rajan The power-full Hindujas The balancing act Making ‘my Amaravati’... The brown list of Venkitaramanan Kinetic Karnataka Shanti and Sadhana through Music Colour-Chem’s colourful KRVS Secularism and anti-Hinduism Odisha: spectacular win by Naveen Patnaik Not just in-laws (and outlaws); they’ve renowned academics at the helm! EEC at the National Media Centre PC’s preference for professionals Preserving for the future Tribute London, London Narayan No engine for this car GM Technology at last! Alexa – Talking Wikipedia Align crops to agro climate endowments… This scant respect for Law Where is Rajaji? Tax agriculture Convulsions in The Hindu Another Indian music maestro at the UN No mega rail project for Tamil Nadu Remembering Indira Sivasailam... The Swadeshi Trump CRS, a jewel among managers, is no more. Marketing expert Balagopal is no more Mu Sigma – is no more Reliance’s TV – 18 ready to launch Tamil News Channel For whom the bell tolls? Music happens A proud Madrasi Robber barons everywhere Like Hinduism: many paths to reach God... Tribute – UCAL Selvan… China invests in India L&T- the specialty of special purpose vehicles Funding the un-funded Gas is the way forward A glass full of corruption Small units prefers to remain small... Welcome GST Kudos to NDTV... When online building permits work…. Delhi Chalo... Dr C Rangarajan returns to Chennai Fortune for Indian Airlines Rahman at CIC Contrarian cousins When Ratan Tata visited SRM He saved millions from starvation... A Grand Finale for SN’s MS centenary at the US… Things happen by accident and not by design... Quality education through the PPP mode Cement prices continue to rise… Valli, they are more marginalised All eyes on Sankara Nethralaya Tatas moving out of urea production... An inexplicable neglect For whom the MIDS bell tolls? Infrastructure funding – lessons learnt How Air-India loses customs... Padma Bhushan for A Ramakrishna The sea- saw battle continues... Towards speedy justice Auto components surge… Welcome changes that testify to Jayalalithaa’s return to health CIPET hqrs to stay at Guindy – for the present? Welcome thrust on trade in Modi’s foreign visits... Should we change the official year? More heat than light Lesson from Chandrababu Naidu He continues the focus on social amelioration Liberal imports idling indigenous capacities Airlines in India: cost and space Russi Mody – a tribute Poor representation for Kerala and TN in Cabinet Tough task taking states together Discoms deserve better… The ‘Ayyo-yes’ is no more Measuring roof tops in terms of KW/MW Pharma – overdose of copying TELANGANA at last…BUT Nuclear power at the nucleus Why this malaise in medical education? Vibrant Gujarat A professional at the helm of IRDA... TN accounts for the largest recruits by the IT sector CSR and CMI: promise of another Srinivasan Ramanujan... Land reclamation from sea appears cheaper! No Maha Koottani in TN... Adapt Vajpayee dinner diplomacy TGS- The king storyteller Demise of a media baron... CII projects higher growth… Recognition to role of NBFCs.... EVM is tamper-proof R Sridhar steps down as CEO of Shriram Capital Lalu’s envy, India’s pride Why land prices zoom in TN? Bihar elections - the Rajaji formula worked Paytm karo... 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 Return to king coal for urea... Strengthen the base... The few handicaps... When small is no larger beautiful.. The why of tax incentives IPL type auction for VCs? Bihar – Nitish Kumar adopts the Lalu model Increasing non co-operation of state leaders Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Editor's Says When the President was rendered homeless… WTO Meet: resolved to meet again B H Kothari - a tribute Five star activism stalls development activity Delhi returns to BJP Scientists urged to take up farmer-oriented research Online not in line with brick and mortar businesses... An informal presentation - analytical, forward locking... Readers' Mail Delhi is distant… Air Asia India will set new benchmarks for budget travel Gay abandon in pricing Building loyalty through the stomach When nations steal growth from one another… A friendly business group Welcome focus on core competence Silver Years of Madras Musings Shipping woes of Chennai companies Eternal support for capitalisation of PS banks Computation of GDP – conundrums continue Tihar, Puzhal not different from Parappana Agrahara Intellectual of rare qualities Revving up the manufacturing sector TN-leverage strength of BHEL, NLC... 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Chennai devastated The Gulf aviation boom …and of a popular trade leader Streamlining mandatory third party cover L&T: focus on infrastructure and more infrastructure… IPL - no surprise this scam Roaring Ro-Ro facility Haul over the coal Wanted: a second airport for Chennai Road development slows down Of course, Gujarat is vibrant SoA @ 80 Engineering seats go abegging Editor's Notes Revive development banks... Solar thermal shines… More Shakti to resource mobilisation... Waning interest in public discussions… Modi storms Silicon Valley The rise and rise of KCP Medical costs hit the roof... When TN politicians can emulate Kerala's PPP mode for upgrading Corporation Hospitals There was flood of milk. Reason: no milk commissioner! Mersal magnified A C Muthiah – his munificent bequeaths to science Shaming of Tamils by Tamil farmers at Delhi Boy, can you beat these? Permanent secretariat for TN GIM New IT products of Ramco in the pipeline… F C Kohli - his concerns all embracing Focus on quality of power - its only around 170-180V The rise and fall of Annamalai University Shale gas and its shallow future Insurance companies bleeding, yet no decision on increasing FDI limit! Rs.1600 crore paper board plant of TNPL Telangana in top gear… MHC should not return to its old indisciplined ways Which side are you, Montek? A Grand Finale for SN’s MS centenary at the US… Come elections, come advertisements... GNS - 100: our first subscriber Modi and the lady Moily’s bold thrust Noble nonagenarians... S Ramanathan – a versatile musician, musicologist A rich pool of talent not utilised…. Fortune 500 review Cleaning Ganga – relocate tanneries and install electric crematoria Where a state respects its litterateurs… Plummeting profits of PSBs Multi-faceted Venkat Cutting the nose to spite the face Tatas moving out of urea production...
 
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.

 

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