Neo Science Hub - October 2023
Neo Science Hub - October 2023
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For years, India has referred to itself as the "pharmacy of the world." It is ranked third internationally in pharmaceutical output by volume accounting for 20% of the global supply of generics. The Indian pharmaceutical industry is currently valued at $50 Bn and is noted for its generic pharmaceuticals and low-cost vaccines. India is the world’s largest vaccine supplier the country produces roughly 60% of all vaccines. The pharmaceutical sector is beneficial not just to India but also to the rest of the world.
Some of the primary areas of the Indian pharmaceutical business include generic drugs, over-the-counter medications, bulk drugs, vaccines, contract research and manufacturing, biosimilars and biologics.
Though this bodes well for the Indian pharmaceutical business, it is not the time for condescension, the industry has a long way to go. Selling only generic drugs will not yield enough for their growth and sustenance. Generic medications are often sold at much lower prices and profit margins than their branded counterparts. This happens when a drug's patent expires, and competition among manufacturers grows.
The Indian pharmaceutical sector, divided into pre-patent and post-patent periods, has developed into a world-class generics business, but commercialization of patented items has been slow.
This calls for a shift in the pharmaceutical industry's approach, from producing only existing drugs using novel process approaches to finding and commercializing new molecules.
Neo Science Hub Magazine Description:
Verlag: Neo Science Hub
Kategorie: Science
Sprache: English
Häufigkeit: Monthly
NEO SCINCE HUB is envisaged as a Web Portal and E-Magazine to provide digital access to the cutting edge and advanced technology, hosted across the globe in all the disciplines of Science, Engineering & Technology, Pharmaceuticals, Food, Dairy & Nutrition, Health Sciences, Life Sciences, Aviation, Mobility, Communication, Water & Earth Sciences, Agricultural Science, Management and many other areas that benefits the society as a whole with a super – cognizant on ecological fortification and sustainability.
This Web Portal & E-Magazine has a unique concept with resourcefulness in the content and its presentation in bringing out the real substance of contemporary in nature. The contributions from industry and intellectual partners on various subjects plays a pivotal role to bridge the gaps in our personal, behavioral, socio-cultural, technical, economical and so many issues of not only traditional but current trends too that are not covered in any curriculum.
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