Navigation Links
India Should Learn From China On Pharma Industry: KPMG

India will have to take a leaf out of China to address regulatory and infrastructure challenges so as to enable its pharmaceutical industry to be a global leader // , even as the sector is set to emerge from the confines of the generics market to become a regional hub for R&D, manufacturing and exports within the next decade, a report by KPMG International has said.

'India needs to look to the achievements of China, where the government's strong commitment pro-industry policies have produced a positive environment that not only offer drug manufacturers a product patent regime but also, and crucially, data protection,' the report said, adding that India's continuing failure to do so needed to be urgently rectified.

'There is much to do in terms of addressing further regulatory and infrastructure challenges and the industry will have to work closely and swiftly with the government to address these issues,' Global Head of KPMG's Pharmaceuticals Practice John Morris said while releasing the report.

Under the current regulatory environment, India still offers no data protection whereas China does, the report said, adding that domestic pricing also remained an issue, which needed to be addressed.

'In fact, drug prices in the Indian domestic market are the lowest in the world. Industry leaders will have to work with government on issues of affordability to point out that price controls are limited in their ability to increase access to new and effective treatments,' it said.

(Source:PTI News)
'"/>




Page: 1

Related medicine news :

1. Is Diabetes the Leading Cause of Kidney Failure in India
2. AIDS Disaster in India is Imminent
3. Indian Prime Minister has successful Knee Replacement Surgery
4. International community warns India on HIV situation
5. India takes on foot-and-mouth disease by vaccinating animals
6. Development of AIDS vaccine -- Chiron Corp in talks with four Indian cos
7. India to benefit from pharma companies move
8. Healthcare sector is now a multi billion-dollar industry in India
9. The World Bank funds private Hospital in India
10. Parke-Davis (India) runs into rough weather – Court orders attachment of asset
11. Indian Doctor granted US patent on organ regeneration
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:9/19/2017)... , ... September 19, 2017 , ... ... the addition of strategic marketing leader, Denise Flannery, to its strategic advisory and ... and Management Consultant, Denise will work with clients across different industries to develop ...
(Date:9/19/2017)... TX (PRWEB) , ... September 19, 2017 , ... ... non-profit organization devoted exclusively to funding innovative lymphoma research and serving the lymphoma ... – will return to Texas as a part of its national Swirl: A ...
(Date:9/19/2017)... Chevy Chase, MD (PRWEB) , ... September 19, ... ... last week, the Society of Professional Benefit Administrators (SPBA) hosted “Expanding ... learning opportunities for SPBA Members as it focused on best practices for third ...
(Date:9/19/2017)... ... September 19, 2017 , ... Big Barker ... for its September 2016 donation of dog beds to the K9 officers of ... and honors for its contribution from city and state officials. , The ...
(Date:9/19/2017)... ... ... The ISO 9001 standard sets out the requirements for a quality management ... customer satisfaction. ISO 9001:2015 was released in 2015 and certified organizations have three years ... , As described in this white paper , ISO 9001:2015 places ...
Breaking Medicine News(10 mins):
(Date:9/7/2017)... Texas , Sept. 7, 2017 ... science focused on fulfilling the promise of precision ... further validate the benefits of its molecular profiling ... study utilized comprehensive genomic profiling plus (CGP+) with ... individual patient,s tumor on a molecular level, leading ...
(Date:9/6/2017)...  Medical professionals are expected to continuously ... their patients. Medical simulations offer clinicians the ... Simulation provides a safe method for teaching ... refine techniques and build confidence, without putting ... such as augmented reality, will now provide ...
(Date:9/5/2017)... has announced another milestone in their continued growth and success of the company.  ... of customer engagements regionally.  ... is located at 318 West Adams Street, Suite 1528, Chicago, IL ... Xyntek's recently opened Midwest office will ... In addition to ...
Breaking Medicine Technology: