GROUP MEMBERS: MANVI KARTHIKEYA VAMSI VINOD INDUSTRY ANALYSIS The Indian Pharmaceutical industry today is in the front rank of India’s science based industries with wide range capabilities in the complex field of drugs and technology. MARKET SIZE It ranks 4th in the world pertaining to the Volume of sales. Estimated worth of Indian Pharmaceuticals Industry is US$ 6 billion Almost 70% of domestic demand for bulk drugs is catered by Indian Pharma Industry Growth rate of the industry is
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Ethics in the Pharmaceutical Industry The pharmaceutical industry started in the middle Ages‚ 18th AD in Baghdad in 754 by an Arabian. Until the early 70’s the industry grew at a small pace. In the 1970’s business began to boom and competition began to upsurge. In the 1990’s these industries and companies became more aggressive with their marketing strategies. In ’97 the U.S. Food and Drug Administration brought new rules and regulations concerning the marketing area and it required companies to
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the latest and sophisticated machines designed for the process easier faster in the pharmaceutical industry. There are labeling machine‚ washing machine‚ powder filling machine‚ grinding mill machine‚ liquid filling machine and so on. Hongxing supply all types of grinding mill machines for pharmacology‚ micro-powder making machine‚ ultra-fine grinder‚ high pressure Raymond mill. Drug grinder for the pharmaceutical‚ chemical and other industries. With the feature of air-cooled‚ no sieve etc. It is
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Prescription Drugs A pharmacist is a person who is professionally qualified to prepare and dispense medicinal drugs. Pharmacists work in a hospital‚ clinic or community drug store. Pharmacist duties include constantly studying and learning about the properties and side effects of new drugs and communicating this information to doctors and patients. According to Mike Johnston in "The Pharmacy Technician Foundation and Practices" book pharmacy is the art and science of preparing and dispensing
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Drug Disposal Programs Various medicines have been finding their way in to the United States’ lakes and rivers for decades‚ and it is time that this issue is confronted head on. These drugs being introduced into the various water sources are causing problems for the citizens of this nation. The best solution to this dilemma is to implement drug disposal programs‚ which will safely dispose of the hazardous materials‚ and also to enforce major drug store chains to participate in these programs.
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Counterfeit Drugs Problems and Solutions for the Indian Pharmaceutical Industry Introduction Counterfeit drugs have been around for much of the recent history of industrial-scale drug production in India and abroad. Although detailed data on counterfeit medicines are difficult to obtain by virtue of its very nature‚ a recent WHO report estimates the prevalence to be around 1% of sales in developed countries to over 10% in some developing countries1. The more important aspect of this global
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McKesson Pharmaceuticals “Combat Against Drugs” McKesson Pharmaceuticals is a pharmaceutical drug distribution company that strives to improve the image of the past scandals that affect the reputation of the company and interactions with future clients. The company hopes to enlighten the issue of drug abuse and drug overdose over addictive prescription drugs – which are commonly pain relief medication. A few of the most abused prescription medication includes methadone‚ Vicodin‚ and hydrocodone
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In-Depth Integrative Case 1.2 Pharmaceutical Companies‚ Intellectual Property‚ and the Global AIDS Epidemic In-Depth Case 1.2 1. Do pharmaceutical companies have the responsibility to distribute drugs for a low cost in developing countries? What are the main arguments for and against such an approach? What are the advantages and the disadvantages of giving drugs for free versus offering them at low no-profit prices? The Aids epidemic is responsible for taking millions of lives worldwide
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PHRMA). This is stating that prescription drug ads help people be aware of diseases that are unfamiliar. Although some of these commercials ads are banned in other countries‚ the countries they aren’t they save a lot of lives. People may think these commercial ads create a lot of controversy because some may think they don’t help but that is untrue because most commercials provide scientifical facts that the FDA check. Because of the fact that pharmaceutical companies were prohibited from advertising
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Are the world’s pharmaceutical companies heroes or villains? Pharmaceutical companies affect individuals all over the world a various amount. It could be like many of the 300 million people who live in America whose lives are greatly affected by pharmaceutical companies week in week out. Or it could be like some of the rest of the world’s population whose only interaction with pharmaceutical companies is when they buy the drugs over the counter. There are countless debates going on about whether
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