Indian Pharmaceutical Sector - Overview

Indian pharmaceuticals market is the third largest in the world in terms of volume. In terms of value it is ranked 13 in the world. It has the largest no. of FDA approved plants (around 500+) outside USA. The industry is expected to grow at 20% over the next 5 years. Currently, the industry is growing at 10-11%. India made a turnaround after patents regime, by focussing on reverse engineering new process and to manufacture the same at low cost. India is still to become a player in terms of drug innovation. The Government of India has unveiled 'Pharma Vision 2020' in 2013, to make India a global leader in drug manufacturing. It has reduced approval time for new facilities to boost investments. Further, the government has also put in place mechanisms such as the Drug Price Control Order a Read More

India's generic drug exports reaches 22% of world production

India's generic drug exports is growing at 22% over every year. According to Pharmaexil, generic exports accounts for around 20-22 per cent of the world?s production, covering more than 60,000 brands and 60 therapeutic classes. The APIs, generics and alternative systems of medicine ? climbed to $16.84 billion during 2016-17, with 34 per cent and 15 per cent supplied to the US and EU markets respectively. India has got extensive product portfolio, which provides the capability to manage and treat any ATC (Anatomical therapy classification) ? to the same quality as the innovators ? at highly affordable costs Read More

Strides Shasun receives USFDA approval for promethazine hydrochloride

Strides Shasun has received USFDA approval for promethazine hydrochloride tablets which is used to treat allergy symptoms, nausea and vomiting related to certain conditions. The product will be manufactured at the company?s Bengaluru facility and marketed by Strides Pharma Inc in the US market. The drug will be made available at strengths of 12.5mg, 25 mg and 50 mg. Currently, the market estimates for the drug in US market is USD 17 million. Read More