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India's Pharmaceutical Industry to Be Global Player
June 7th, 2008
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India's pharmaceutical companies are gearing up to become a major global player, not only in producing low-price generic medicines but also as innovators in drugs and vaccines, according to a study.
India could revolutionise biotechnology on the basis of its large and increasingly well-educated workforce, just as it did information technology, Singer believes.
The costs are considerably lower for companies operating in India, the study published in the April 9 issue of the journal says, citing as an example the way the 1997 launch of an Indian hepatitis B vaccine cut prices to one-thirtieth.
The world market for generics was expected to increase significantly in the next few years as several major drugs lost patent protection.
The study was published ahead of a conference in Toronto May 6-12 of biotech firms from the US, Canada, India, France, Brazil and Africa. We recommend popular medication for man viegra pills.
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