Navigation Links
Advantage India: Growth Pills Abound For Pharma Companies

It's advantage Indian pharma companies and the needy patients who would have to fork out much less to purchase life-saving drugs, with global pharma giants like Merck and Pfizer losing// their patent on drugs commanding multi-billion annual sales.

Domestic pharma majors Ranbaxy and Dr Reddy's Laboratories are being touted as major beneficiaries to tap on a multi-billion dollar sales vacuum created by the patent expiry of two biggest blockbuster drugs in the US -- cholesterol- cutting drug Zocor and antidepressant Zoloft -- within the span of a week.

Merck's patent for Zocor that contributed USD 4.4 billion in the company's 2005 sales expired on June 23, while Pfizer loses its patent for Zoloft, which totalled USD 3.3 billion in 2005 sales, on June 30.

When a company loses its exclusive patent for a branded drug, market opens to a host of generic drugmakers that leads to a drop of nearly 80 per cent in the drug's price, which results in a major gain for consumers as well as the makers of generic version of these drugs.

While analysts expect good value addition in share prices of DRL and Ranbaxy on the back of patent related global news flow going forward, another pharma major Cipla has already outperformed the Sensex since June 14, when the 30-share barometer index had plummeted to its lowest level in past few months at 8,799.01.

Cipla has gained 17.91 per cent since June 14 as against a gain of 16.48 per cent in Sensex. Ranbaxy on the other hand rose 11.01 per cent and DRL 8.51 per cent during the same period.

Source:PTI News

Page: 1

Related medicine news :

1. Advantages of Red Wine
2. Inactivation of Rad9 in Tumor Cells Would Be Advantageous In Cancer Therapy
3. Competitive Advantage Are Attained In Which Freeloaders Are Punished
4. Retro Running Is Found To Be More Advantageous
5. New Antipsychotic Medications have Little Advantage Over Older Drugs
6. "New" Clear Advantages In Nuclear Medicine
7. HIV Takes Advantage of Rivalry among T cells
8. Advantage Coffee and Disadvantage-Diabetes
9. Obesity - An Advantage For MHD Patients
10. Advantage, Obese Men!!
11. Vitamin A supplementation inadequate in India: Need for effective strategies
Post Your Comments:

(Date:6/27/2016)... ... June 27, 2016 , ... "FCPX editors can now ... of Final Cut Pro X," said Christina Austin - CEO of Pixel Film Studios. ... Final Cut Pro X users can now reveal the media of their split ...
(Date:6/27/2016)... ... June 27, 2016 , ... A revolution is underway. ... ambulance transport experience for the millions of people who require these medical transport ... taxi industry through the use of technology. Now, SmartEMS has put forth an ...
(Date:6/26/2016)... (PRWEB) , ... June 26, 2016 , ... On June ... sponsor of the 2016 Cereal Festival and World’s Longest Breakfast Table in Battle Creek, ... of the city’s history as home to some of the world’s leading providers of ...
(Date:6/26/2016)... ... ... legally blind and certified personal trainer is helping to develop a weight loss fitness plan ... fix the two major problems leading the fitness industry today:, , ... They don’t eliminate all the reasons people quit their exercise program ...
(Date:6/25/2016)... ... June 25, 2016 , ... Austin residents seeking Mohs ... College of Mohs Surgery and to Dr. Russell Peckham for medical and surgical dermatology. ... treatment for skin cancer. The selective fellowship in Mohs Micrographic Surgery completed by Dr. ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016  American Respiratory Labs (ARL), a ... now able to perform sophisticated lung assessments in patients, homes, thanks ... Inc. Patients are no longer limited to having ... PRO ® , ARL patients like Jeanne R. of ... the comfort of her own home. ...
(Date:6/24/2016)... , June 24, 2016   Pulmatrix, Inc ... company developing innovative inhaled drugs, announced today that it ... Russell Investments reconstituted its comprehensive set of U.S. ... "This is an important milestone for Pulmatrix," said ... increase shareholder awareness of our progress in developing drugs ...
(Date:6/23/2016)... 23, 2016  MedSource announced today that it ... software solution of choice.  This latest decision demonstrates ... to their clients by offering a state-of-the-art electronic ... establishes nowEDC as the EDC platform of choice ... clients.  "nowEDC has long been a preferred EDC ...
Breaking Medicine Technology: