The past 10 years have been very crucial for the Indian pharma landscape. From 2005-2015; the revenue of the top 10 companies grew at 19 per cent which is almost at par with the industry growth of 18 per cent. Things have significantly changed now with the US markets capping prices of crucial drugs that have impacted the overall profit margins.
Indian pharma companies have to nimbly navigate contingencies by expanding the number of FDA approved sites to secure a dominant position in the US market as it contributes about one third of the total Indian pharma exports.
This story is from the September 16-30, 2019 edition of Express Pharma.
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This story is from the September 16-30, 2019 edition of Express Pharma.
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