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India Pharmaceutical Industry

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India Pharmaceutical Industry
Indian Pharmaceutical Industry
Business Environment

3

Agenda
• • • • • • • History Indian Pharmaceutical Evolution Facts and Figures Regulatory Framework Current ongoing activities SWOT Analysis The India Advantage

4

History
• Bengal Chemicals and Pharmaceutical Works, Calcutta, the first Indian pharmaceutical company established in 1901 • Still exists as one of the 5 government owned drug manufacturers • Next 60 years saw most of the drugs imported from multinationals

5

History contd.
• The government started to encourage growth in early 1960’s • Introduction of Patents Act, 1970
▫ Removal of composition patents from food & drugs ▫ Process patents were shortened to 5-7 years

• Lack of patent protection made it undesirable for MNCs who had so far dominated Indian market

6

Indian Pharmaceutical Evolution
Early Years Government Control Development Growth Innovation & Research

Before 1970 • Market share dominated by foreign companies

• Relative absence of organized Indian companies

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Indian Pharmaceutical Evolution
Early Years Government Control Development Growth Innovation & Research

1970 - 1980 • Indian Patent Act, 1970

• Drug prices capped
• Local companies begin to make an impact

8

Indian Pharmaceutical Evolution
Early Years Government Control Development Growth Innovation & Research

1980 - 1990 • Process development

• Product infrastructure creation
• Export initiatives

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Indian Pharmaceutical Evolution
Early Years Government Control Development Growth Innovation & Research

1990 - 2000 • Rapid expansion of domestic market

• International market development
• Research orientation

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Indian Pharmaceutical Evolution
Early Years Government Control Development Growth Innovation & Research

2000 – 2010 and beyond • New IP law

• Discovery Research
• Convergence

11

Moving up the value chain
* Active Pharmaceutical Ingredients ‡ Specialty products include


References: • Statistics ▫ http://www.pharmaceutical-drug-manufacturers.com ▫ http://researchandmarkets.com ▫ http://www.naukrihub.com/india/pharmaceutical/overview/ • Others ▫ ▫ ▫ ▫ http://www.economictimes.com http://www.wto.org Competitiveness of Indian Pharmaceutical Industry by FICCI Patents: A Case history of Indian drugs and Pharmaceutical Industry
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