22-12-2012, 11:55 AM
Pharmaceutical Industry an overview
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Brief History of Pharmaceutical Industries
Prior to 20th century……
In 1640 BC Acharya Dhanvantari wrote a treatise on Medicine & surgery.
Acharya Sushrutha & Charaka contributed in Ayurvedic medicine.
Modern day Allopathic Medication is around 350 years old.
1900~1970……..
In 1901 Acharya P.C. Ray started first Indian Pharma company.
In 1930 Penicillin & Insulin were discovered.
In 1970s Product patent was replaced by process patent
Current Scenario
Present global market size is $825 billion growing @ 4-6% per year.
India is 3rd largest producer of Pharmaceuticals having 10% of the global share.
The Indian Pharmaceutical market is expected to touch $74 billion sales by 2020 from present $11 billion.
Major Challenges
Declining productivity of in house R&D.
Increasing legal and regulatory concern
Quality management : Conformance to global standard (USFDA,HACCP,CGMP)