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:7/25/2017)... ... 25, 2017 , ... Creative Pharmacist and ... the Pharmacist eCare Plan to Computer-Rx pharmacies through the STRAND platform. ... to develop the Pharmacist eCare Plan, a shared document detailing a patient’s current ...
(Date:7/25/2017)... ... July 25, 2017 , ... Dr. Gina Negrette, a skilled ... than a decade of experience in psychiatry, treating clients in diverse settings, including ... disorders, psychotic and manic conditions, as well as those who were fighting simply ...
(Date:7/24/2017)... , ... July 24, 2017 ... ... Director,      (407) 916-7235, kklaproth(at)robinsmorton(dot)com , Robins & Morton, Perkins ... to celebrate the structural topping out of the new Destination Medical Building ...
(Date:7/24/2017)... MD (PRWEB) , ... July 24, 2017 , ... ... Public Schools (MCPS) have partnered together for a unique opportunity that helps high school ... mission of “Removing Barriers, Creating Opportunities.” Horizon Goodwill will host over 20 ...
(Date:7/24/2017)... CLARA, CA (PRWEB) , ... July 24, 2017 , ... ... and financial organizations, today announced it has partnered with WALLIX to expand ... Special Publication 800-171 . , There are a number of ways to address the ...
Breaking Medicine News(10 mins):
(Date:7/11/2017)... founder of Echenberg Institute, is announcing a new safe and effective at-home ... and other painful pelvic pain conditions such as pelvic floor dysfunction, vulvodynia, ... ... ... start-up company, VuVatech LLC, fills a void in the women,s wellness market ...
(Date:7/10/2017)... COLUMBIA, S.C. , July 10, 2017 /PRNewswire/ ... product purchasing and patient support services organization serving ... announced today the launch of four significant, value-added ... into market insights, better manage reimbursement and improve ... Ig and factor therapies. ...
(Date:7/5/2017)... 5, 2017 Wolfmet 3D  printed tungsten collimator manufactured by ... and manufacturing combine to progress molecular radiotherapy imaging. ... are unable to accurately quantify the radiation absorbed by those ... the success of this radiotherapy treatment has been available — ... ...
Breaking Medicine Technology: