US generic drug price-fixing conspiracy jolts Indian pharma companies

Big money was at stake since Esbriet, used to treat a serious lung disease called idiopathic pulmonary fibrosis, accounts for sales of $1 billion annually. To ensure high quality, medicines are procured from WHO Good manufacturing practice (GMP), Current Good Manufacturing Practice and CPSUs manufacturers for supplying to Pradhan Mantri Bhartiya Janaushadhi sorafenib price in malaysia Kendras. Only after being certified by these laboratories, medicines are dispatched to C&F agents, Distributors and JAKs. Making quality medicines available at affordable prices for all, particularly the poor and disadvantaged, through exclusive outlets “Jan Aushadhi Medical Store”, so as to reduce out of pocket expenses in healthcare.

• This is because the Indian Pharmaceutical sector still has much ground to cover in high value production and instil global pharma R&D.
• Wind instruments and items marked as non-returnable on detail page are not eligible for return.
• Sandoz is a global leader in generic medicines and biosimilars and a part of Swiss drug giant Novartis—even if an independent subsidiary.
• In addition to its online presence spanning 19,000 pin codes across India, Dawaa Dost has 69 retail stores in 10 cities.
• As Director, he continues to lead Zota Healthcare with a commitment to innovation and excellence, driving the company toward sustained success.

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Over 50% of Africa’s requirement for generics, nearly 40% of generic demand in the US and  approximately 25% of all medicine in the UK is supplied by India. Consumers can find their products at major retailers, as well as locally owned and operated pharmacies. The Indian Pharmaceutical space is witnessing a storm of new start-ups, not only for cash flow opportunities the sector offers but also championing the cause of making medicines affordable for the needy.

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Offered drugs by generic pharmaceutical companies are given under the prescription of the specialist. They are involved in Manufacturing, Supplying, and  Exporting generic pharmaceutical medicines all over India. The Jan Aushadhi initiative will make available quality drugs at affordable prices through dedicated stores selling generic medicines which are available at lesser prices but are equivalent in quality and efficacy as expensive branded drugs. The low cost of generics is an alternative to branded drugs and hence generics dominate, making up for 70 to 80% of the retail market. As India’s population grows, especially the aging population has significantly increased the demand for generic medicines on account of their affordability and effectiveness, which is same as branded medicines. The short expiration and gap between re-filing of the new drug encourages various companies to produce generic drugs owing to rise in competition which further reduces the generic drugs prices.

Doctors does not prescribe & suggest the Generic medicine, so are they safe?

Similarly, Generic Aadhaar is aiming to bring a new ecosystem to the old-decade pharma world. One-third of medicines are exported from India to the rest of the world and still, the people here in the country cannot get the benefits. Considering the equation, Generic Aadhaar has come forward to curb the illicit trade in life-saving drugs and provide low-cost drugs to the people. Dawaa Dost claims to enable per cent savings on every Indian’s medicine bills by providing high-quality medicines from the most respected pharma companies at the right price.

We appreciate entire Akums team for their transparency, commitment and quality products manufacturing.

This way, the Indian pharmaceutical industry has created an environment where branded drugs are considered superior to generic ones in terms of quality and efficacy. But, customers need to pay more attention to the availability of different generic drugs that are also cost-effective. A bench of Chief Justice DY Chandrachud, and Justices JB Pardiwala and Manoj Misra heard the petition filed by transparency activist and environmentalist Kishan Chand Jain under Article 32 of the Constitution. Dr. Reddy’s Laboratories Ltd., a global pharmaceutical firm based in India, was established. It manufactures and distributes generic drugs, over-the-counter drugs, over 60 active pharmaceutical ingredients, biotechnology accessories, diagnostic devices, and critical care to drug manufacturers in India and other countries.

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Its product range includes a wide array of multi-speciality drugs, vitamins and treatments for conditions such as vertigo, epilepsy, hypothyroidism, migraine and depression. The company’s major markets are present in Western Europe, Australia, Japan, New Zealand, Canada and China. Tradeindia has been doing great work in B2B segment, its so much easy to reach potential buyers through their portal and App.

• On April 2017, the Medical Council of India released a notification which stated it is mandatory for the physicians to prescribe the drugs by using generic names.
• ‘Big data and analytics’ is poised to play a big role, while technology is seen to drive the newer advancements in the sector.
• Government Patent Law do not allow a generic medicine or medicine to look exactly like other medicines already on the market.
• Drug re-purposing is another innovation that will underpin a shift in the pharmaceutical market.
• The medical device sector also forms an essential and integral constituent of the healthcare sector, and any innovation in pharma sector needs to cover this category too.
• We wholeheartedly appreciate the enthusiasm and ability of Akums Drugs and Pharmaceuticals ltd by supporting Lupin through the timely delivery of products that significantly and positively affect our business.
• The main areas of focus of the company include Pediatrics, Diabetology, Cardiovascular, Anti-infective, and Anti-tuberculosis.
• According to a recent analysis by the FDA, there are too many generic drug companies in India.

Will the US tariff hike open new doors for Indian pharma and medical devices? Here is what experts say

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For a generic manufacturer, no such investment is required — not in development and not in marketing. The medicine’s formula is known, the clinical trials are complete; the generic maker’s only requirement is to demonstrate to regulators that its version is as good and effective in humans as the original. According to a recent EY FICCI report, there has been a growing consensus over providing new innovative therapies to patients. Indian pharmaceutical market is estimated to touch US$ 130 billion in value by the end of 2030.

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For instance, in the 2022 ranking by Generic Bulletin, the top slots are occupied by Sandoz (with a turnover $9. 63 billion), Teva of Israel ($8.98 billion), Pfizer ($8 billion) and Viatris of the US ($6.97 billion). Sun Pharma ($4.83 billion) and Aurobindo ($3.16 billion) are the only two Indian companies to make the cut to the top 10. There are, of course, other Indian entities lower down on the list, but the composition reflects the changed realities of the pharma industry, where the generic business is closely controlled by the innovator companies. The Indian Pharmaceuticals industry plays a prominent role in the global pharmaceuticals industry.

We have listed down the Top 10 Generic Medicine Manufacturers in India in this article. The company manufactures and markets a diverse range of pharmaceutical formulations covering various chronic and acute therapies, including generics, branded generics, speciality products, and complex technology-intensive products. Its extensive portfolio consists of more than 2,000 molecules across multiple dosage forms such as liquids, tablets, capsules, ointments, creams, injectables and inhalers. Given the numberof people getting diseased with different kinds of chronic and lethal ailmentsand the rising cost of medicines, people all over the world carry a hugeeconomic burden since a good amount of money is being spent on healthcare. Thencame the generic drugs that actually came as blessing for chronic patientssuffering from diabetes, thyroid, and blood pressure since they are ill forlife and they have to spend a fixed amount every month, or even more in casethe disease goes serious.

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You should only assume a drug is the same by looking at it; making a decision requires knowing the active ingredient composition. “The Government of India must take immediate steps to revise the customs duties on the Harmonised System (HS) codes listed by the Department of Pharmaceuticals, where excess manufacturing capacity exists in India. Otherwise, we may face the paradox of being pushed out of our own home market while attempting to enter higher-value export markets,” he said. Shri Rajesh Kumar Singh, Secretary, Dept. for Promotion of Industry and Internal Trade noted that Union Government approached the COVID-19 pandemic with a mindset to turn the crisis into an opportunity.

• The initiative with will introduced home town Surat at the COCO store in PAL and will have a 24 x7 access for customers.
• Further, the regulatory requirement for bulk drugs are more stringent, as the required environmental standards are to be met.
• With the escalating cost of healthcare facilities, many people in India started to opt for generic medicines.
• In developing countries like India, government bodies and other regulatory bodies have pushed manufacturers to launch effective generic drugs supporting pharma market growth.
• Generic medicines are an important part of healthcare and can provide significant cost savings for consumers.
• The objective was that this system of colour-coding would aid patients in distinguishing between generic and branded versions of the same medication.

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Presently, it’s the largest international provider of generic drugs, which are the cheaper- but similar medicines as brand name medicine. As per the study conducted by Journal of Drug Delivery and Therapeutics, about 62% of healthcare providers want to substitute generic drugs but not for all the cases they treat, thus indicates the perception of the efficacy of the two classes of medicines. Also, physicians are doubtful about the efficiency of generic medicines which implies the lack of confidence and knowledge for its usage. 92% of the people had heard about the generic drugs while 8% did not have any idea about it. Out of 92, 70% of them understand the difference between branded and generic drugs while 14% of 92 believed that generic drugs were not cheaper than branded drugs.

These variations are frequently caused by non-active components like dyes, fillers, and preservatives that influence size, shape, and color. It is intended to be this way since manufacturers under generic medicine names do not incur the same capital expenses as brand-name manufacturers. “Higher costs could exacerbate inflation, especially in vital sectors like pharmaceuticals, where affordability is critical,” Datta said.

The global generic pharma companies continue to grow and maintain their growth in the present time. With the increase in demand for more accessible medication, pharmaceutical companies are harnessing the benefits offered by generic drugs. Efficient and inexpensive drugs are always needed, making this a growing market for drug makers Here are the top five generic drug makers by revenue. Krka Pharmaceutical comes in the list of top generic pharma companies in India. The company’s focus is on the development of high-quality own-brand generic pharmaceuticals, which offer added value and are marketed under Krka’s own brands.

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Davaindia Generic Pharmacy is a division of Zota healthcare Ltd. (established in 1995) offering Generic Pharmacy franchisee across India with the aim to provide affordable and quality medicine for all. This is obviously a win for generic drug makers, but before we hail the court verdict, let us look at the main litigants in this case. Sandoz is a global leader in generic medicines and biosimilars and a part of Swiss drug giant Novartis—even if an independent subsidiary. Genentech is a US biotech corporation headquartered in San Francisco, California and an independent subsidiary of another Swiss-based multinational, Roche. Zeelab Pharmacy truly believes that to receive affordable generic medicines of highest quality standard is the right of each and every citizen of India.

His unwavering dedication to achieving organizational objectives underscores his role as a dynamic leader in the healthcare industry. The litigation arises from a deal Novartis and Par signed in 2011 to put off the launch of a generic version of Exforge until September 2014, more than two years after the expiry of the patent. In return, Novartis agreed not to launch its own authorised generic of Exforge during a six-month period of exclusivity that the Par generic automatically secures as the first copycat version of the Novartis drug. So Novartis continued to profit from its monopoly even though it had no patent protection. Such are the devious ways of Big Pharma in which generic companies willingly collude.

The conducted studies show that both branded and generic medicines are bio-equivalent. The authority also confirmed that the generic medicines have the same amount of pharmaceutical ingredients and adhere to the manufacturing practices requirement but differ in size, color and shape. Medkart operates 100+ stores offering a variety of generic medicines at discounted prices, allowing customers to save money on their medications. In addition, the stores provide personalized advice from qualified pharmacists, who help customers choose the right generic medication for their needs. The Indian pharma companies have formed a brand popularity culture in the pharmaceutical industry. Earlier, the government of India proposed to colour code the medicines of little importance in identifying medicinal products and maintaining generic medicinal products on different shelves.

In developing countries like India, government bodies and other regulatory bodies have pushed manufacturers to launch effective generic drugs supporting pharma market growth. The introduction of 3-D printing technology helps in manufacturing generic medicines with varying release dates and tastes and has pushed the share of generic drugs in pharma industry. Hailed as the “pharmacy of the world”, the booming pharmaceutical industry of India is a leading source of cutting edge innovation especially when it comes to providing life-saving medicines at affordable prices to people.

Earning a spot among the Top 200 Companies with Global Business Potential underscores a strong commitment to excellence, remarkable growth, and a significant impact on international markets. Akums has partnered with Caregen to introduce an innovative range of nutraceuticals and cosmeceuticals in India, aiming to revolutionize health and skincare solutions in the market. Akums Drugs has partnered with Jagdale Industries for the marketing and distribution of ready-to-drink nutritional beverages, expanding its portfolio in the health and wellness segment. I would like to appreciate all the efforts taken by team Akums for delivering for delivering our first new product on time. We are glad to inform you that delivery performance for AIL TP products has been 100%. “Switching from traditional monthly planning cycles to real-time, weekly updates enables companies to respond swiftly to market changes,” Datta said.

• Chandrachur Datta, Partner at Vector Consulting Group, said the tariff hike could be both a challenge and an opportunity for Indian pharmaceutical companies.
• “We reiterate our view (based on earlier due diligence) that proving price collusion in a court is easier said than done,” the report said.
• We at Zeelab Pharmacy are on a mission to revolutionise the Indian Pharmaceutical Industry by providing World Health Organization Quality Medicines at Affordable Prices.
• He also highlighted the US’s reliance on China for active pharmaceutical ingredients (APIs), which could lead to supply disruptions and price hikes.
• We constantly strive to find new ways that pave the way for a healthier tomorrow.
• In India, Zydus launched more than 55 products, 19 of which were first-time launches, including adalimumab, the world’s first biosimilar of the $11 billion arthritis treatment Humira.

Today they have a portfolio of more than 1800 molecules and produce approximately 88 billion tablets and capsules a year at 80 manufacturing facilities. “This triggers off an avalanche of healthcare issues of trust, adherence, and awareness resulting in India being in the bottom quartile of the healthcare benchmarks. And in a country where 85% of total health expenditure is out-of-pocket and medicines constitute 20-60% of total healthcare expenditure, branded generics play a crucial role in breaking this vicious cycle and making healthcare affordable for patients,” he said. Generic medicines in India are a cost-effective alternative to branded medicines, as they are chemically identical and have the same safety, quality and efficacy. These medicines are made available at lower prices than their branded counterparts, making them a viable option for those who cannot afford expensive treatments.

For this reason, before enabling generic drug manufacturers to create and market the same medication, the legislation first allows the brand-name firm to recoup its investment. With the escalating cost of healthcare facilities, many people in India started to opt for generic medicines. The solution of generic medicines is way cheaper than branded drugs and is backed by the Government of India which made it mandatory for the physicians to prescribe the generic names. Generic medicines are affordable versions of the branded drugs which are introduced once the patent acquired by the drug manufacturer expires. “Generic Aadhaar has disrupted the conventional pharma industry and is determined to empower single-store owners and pass on the benefit to the end customer. We aim to support the common man’s monthly medicine budget by providing life-saving high-quality medicines at very affordable prices.

In addition to this, innovative thinking to encourage private investments, and to explore newer funding avenues for high risk / long term projects have often been discussed. India is the largest provider of generic drugs globally and is known for its affordable vaccines and generic medications. The Indian Pharmaceutical industry is currently ranked third in pharmaceutical production by volume after evolving over time into a thriving industry growing at a CAGR of 9.43% since the past nine years. Generic drugs, over-the-counter medications, bulk drugs, vaccines, contract research & manufacturing, biosimilars, and biologics are some of the major segments of the Indian pharma industry.

India supplied around 45 tonnes and 400 million tablets of hydroxychloroquine to around 114 countries globally. The Indian pharmaceutical industry has seen a massive expansion over the last few years and is expected to reach about 13% of the size of the global pharma market while enhancing its quality, affordability, and innovation. You are not alone if you worry that generic medications are less expensive and could have lower quality. The regulator strives to make generic medications as secure and efficient as brand-name medications.

“Over the last two years, we have seen a 10 times growth and we are confident that we will deliver savings of $1 billion by 2025. The majority of people having chronic illnesses such as diabetes, hypertension and heart diseases switch to branded generic medicines for greater savings. So far, we have catered to 3.5 million Indians, nationally and enabled savings worth Rs. 250 million for them,” said Choudhary.

Prime Minister Shri Narendra Modi stated that India’s pharma industry is an “asset for the entire world” (July 2020). He further highlighted that “vaccines made in India are responsible for two-thirds of the vaccine needs of the world’s children”. He has acknowledged the importance of research and innovation as critical components for New India. In his speech from the ramparts of Red Fort on India’s 76th Independence Day, he said- “Now, there is another necessity to add, Jai Anusandhan (research and innovation).

The company develops pharmaceuticals in different formulations, including liquids, ointments, tablets, capsules, injectables, granules and powder. These products cater to the treatment of gastroenterological, gynaecological, urological and neurological diseases, as well as diabetes, pain and infections. Headquartered in Gurgaon, Fortis Healthcare Limited is an IHH Healthcare Berhad subsidiary and is a prominent integrated healthcare services provider in India. With 28 healthcare facilities and over 400 diagnostics centres across India, the United Arab Emirates (UAE), Sri Lanka and Nepal, it is among the country’s largest healthcare organisations.

Indian pharma companies have a substantial share in the prescription market in the US and EU. Zeelab Pharmacy specializes in providing you with affordable medicines online at the comfort of your home. This saves you all the hassles of stepping-out of your home, visiting a pharmacy and waiting in the queue to buy the prescribed medicine. We at Zeelab Pharmacy understand that sometimes you need medicines on an urgent-basis and that is the reason why we ensure that you receive your medication at the earliest possible. Akums proudly unveils its 20th Anniversary Campaign, ‘BHAROSA – Two Decades of Trust, Going Strong’, celebrating a legacy of reliability, sustainability, and innovation in pharmaceutical manufacturing. If you know of any generic medicine shop that is not listed on the above link, you can share with us their name and address by leaving a comment at the end of this article.

Chandrachur Datta, Partner at Vector Consulting Group, said the tariff hike could be both a challenge and an opportunity for Indian pharmaceutical companies. “The increase in tariffs on Chinese products could make Indian alternatives more competitive in the US,” he said. However, he stressed that success would depend on Indian manufacturers ensuring product quality, building resilient supply chains, and adhering to US regulatory standards. “Investing in capacity building, transparency, and flexible supply chains will be crucial,” Datta said. The PLI scheme encourages manufacturers to invest in R&D activities to develop innovative products and technologies. The scheme has enabled technology transfer in high-end medical devices enhancing our capabilities.