Pharmaceutical Industry Case Study
CHAPTER 8
MAJOR CHALLENGES FACED BY THE INDIAN PHARMACEUTICAL INDUSTRY
The Indian pharmaceutical industry was on a strong growth trajectory in the last decade. It has achieved several milestones. However, the industry needs to tackle various issues related to its operations and regulations. It faces several challenges in the form of pricing of pharmaceutical products and impact of some agreements.
Impact of GATT-TRIPS agreement
The General Agreement on Tariffs and Trade (GATT) and Trade Related aspects of Intellectual Property Rights (TRIPS) have an adverse impact on pricing of pharmaceutical products. Pharmaceutical companies are not allowed to re-generate existing drugs and formulations and change the existing process and manufacture the
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DR. REDDY’S LABORATORIES LTD:
Dr. Reddy 's Laboratories, is an Indian multinational pharmaceutical company head-quartered in Hyderabad, India.
Revenues INR. 9993.9Crores
Market Capitalization INR. 59490.29Crores
Profit INR. 1932.8Crores
Total No. of Patents in their name 21
Consolidated Ranking Index 22042.127
DR. REDDY’S LABORATORIES LTD
4. CIPLA:
Cipla is a globally recognized Indian pharmaceutical giant. It ensures to provide patients with access to high quality, affordable and effective medicine and support. Cipla’s mission is to expand their presence as a healthcare company globally, which uses high end technology and innovation to meet daily needs of all patients.
Revenues INR. 7110.71Crores
Market Capitalization INR. 39467.24Crores
Profit INR. 1172.09Crores
Total No. of Patents in their name 19
Consolidated Ranking Index 20371.497
Cipla
5. AUROBINDO PHARMA:
Founded in 1986 by Mr. P.V. Ramaprasad Reddy, Mr. K. Nityananda Reddy and a small group of highly active and talented medical professionals, AurobindoPharma was started out off a vision, A vision that promise to touch million lives through their large scale of operation.
Revenues INR. 9380.29Crores
Market Capitalization INR.
Nurofen Specific Pain Case
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Epipens Rhetorical Analysis
1268 Words | 6 PagesJames R. Baker, MD and chief medical officer of Food Allergy Research & Education (FARE), writing an article for the STAT Magazine, discloses information regarding the pharmaceutical drug pricing controversy, in his case EpiPens, that affects many middle-classed Americans. By using the appeals of ethos, logos, and pathos, Baker presents a viewpoint that is antagonistic of the business practices pharmaceutical companies have been following for the last decade. One of the ways Baker acknowledges their argument is by appealing to the emotion of his audience with his introductory sentence that shows how parents are forced to make hard choices surrounding the health of their children. “All too often, parents of children with food allergies are forced to make hard choices. Many are splitting up twin packs of EpiPens, others are keeping them past their expiration dates, delaying filling the prescription,
Marketing Plan For Allround: OTC Cold Medicine
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The Pros And Cons Of The Pharmaceutical Industry
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Case Study Dynacorp
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Brief Analysis Of The 130th Chemical Processing Company
433 Words | 2 PagesIn the company photograph of the 130th Chemical Company the three friends are pictured sitting together shoulder to shoulder, just as they joined the Army together, trained together, and stationed together in London, where on July 3, 1944, died together. Prior to their enlistment in the Army, Robert H. Cook, Philip J. Conley, and Chester R. Peterson were close friends while living in Portland. The three friends left for training together in January 1943, and were assigned to the 130th Chemical Processing Company at Camp Sibert, Alabama.
Case Study Global Product Roll Out
1051 Words | 5 Pages1. What is required for global product roll-out, including who expends which capital , takes which risk and reaps which reward ? Benecol could be claimed as an important nutritional innovation in the world. It is a unique compound composed of plant stanol esters, which have scientifically proven to help lower cholesterol in humans.
Case Study: Target Corporation
882 Words | 4 PagesProcess and tools Target Corporation uses tolls and process for product safety and quality assurance. The company assesses a program for risk –based product safety and quality at every stage in the product life cycle, from development through the life of brand product. Target global team implement a program across 36 countries and 2228 factories producing target product, during the process will require independent third-party testing to validate safety and quality before the guests purchase product. the vendor in the company are expected to employ best practices, including clearly defined and well-documented manufacturing and quality processes including staff training , and record keeping. What does the TC required to do the job?
Human Body During The Renaissance
1668 Words | 7 PagesFor that reason, is why the we have modern pharmaceutical industry, and the world of patent
Pharmacology Case Study
443 Words | 2 PagesPharmacology Assignment Week 4 Marty Smith is a 67-year-old male who has called 911 after experiencing chest pain and dizziness. The paramedics arrive and notice a bottle of nitroglycerin on the table. The patient states he has angina and is to take the medication as needed for chest pain. He took one pill an hour ago and a second pill 10 minutes prior to calling 911.
Johnson International Corporation: Case Analysis: Johnson International Corporation
800 Words | 4 PagesJohnson International Corporation (JIS) is a global company that offers logistical support to the military and private companies which employs 100 people and it is largely located in US, Europe and Far East. It has been doing business for last 15 years and it had a net income after tax of $10 million. 70 % of their business is related to military sector and its focus is to provide logical support to military and private sector. In this company the president and chief executive officer were the same person and he/she was responsible for the overall activities of the company. The company has cut the budget in various field including the budget in IT capital and human resource which includes training for employee.
Advantages Of Multilateral Trade
1446 Words | 6 Pages Bilateral trade deals tend to attract less attention, therefore pressure from the opposition forces is likely to be low. The GSP offers privileged entry or an extensive variety of products from 144 countries and regions into the Organization for Economic Co-operation and Development (OECD) markets. Bilateral trade agreements are easier to conclude than multilateral trade agreements.
Porter's Five Forces Analysis Pharmaceutical Industry
720 Words | 3 PagesPORTERS FIVE FORCES ANALYSIS - PHARMA INDUSTRY Using Porter's Five Forces we can analyse the scope of the pharmaceutical industry. It looks into five factors namely, competitive rivalry, threat of new entrants, threat of substitute products, bargaining power of suppliers and bargaining power of customers. " Competitive rivalry: The pharmaceutical industry is highly fragmented with almost 3,000 pharma companies and 10,500 manufacturing units. Due to increasing demand of high-quality drugs, low-to-moderate entry barrier to the new entrant, the presence of a number of large and small firm this market is highly competitive.
Examples Of Dependency Theory
2141 Words | 9 PagesWithin the global economic order, theories and concepts are not always enough to change prevailing ideas or actions of greater states. However, there are examples of instances which the theory and action which resulted from that concept, were enough to change global economic governance. One such example is the changes to the intellectual property right legislation, which has drastically impacted the developing worlds access to medicine. However, on the other hand, dependency theory and its effect on the new global world order, stands in stark contrast. This research shall examine the concept of dependency theory, the impact or lack of impact it had on the idea of the new economic world order, the change to intellectual property rights and the
Case Study: Janssen Pharmaceutica '
1472 Words | 6 PagesJanssen Pharmaceutica Janssen is one of the world’s leading research based pharmaceutical organisations and is part of the Johnson and Jonson family of companies. J&J is a diverse group of healthcare specialists. Johnson and Johnson was founded in 1886 and is an American pharmaceutical, medical devices and consumer packages goods manufacture. Janssen Pharmaceutical Companies of Johnson & Johnson, is dedicated to research and development of new drugs against the most important unmet medical needs of this generation, including oncology, infectious disease, neuroscience, cardiovascular and metabolic diseases and immunology.
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