HomeNewsOpinionPolicy| Bottle of Lies: What ails India’s drug industry

Policy| Bottle of Lies: What ails India’s drug industry

Like other books on corporate fraud, Bottle of Lies is a cautionary tale about how the relentless quest for high growth and profits at any costs can corrupt organisations in the absence of a strong, ethical core and sustained, rigorous, regulatory oversight.

June 10, 2019 / 12:25 IST
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Gauri Kamath

By now, many in the drug industry will be familiar with Katherine Eban's expose of the manner in which some generic drug companies took short cuts to speed their drugs to market and to maximise profit at the cost of drug quality and patient safety. Eban devotes much of her book ‘Bottle of Lies: The Inside Story of the Generic Drug Boom’ to painstakingly detailing how Ranbaxy Laboratories, the erstwhile flag bearer of India's generic industry, systematically faked pharmaceutical data over several years to get important drugs speedily approved by the United States Food & Drug Administration.

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Ranbaxy (now no longer in existence as a company), was the largest Indian drug company selling into in the US at one time. As the book details data integrity and other non-compliance issues uncovered at other Indian, Chinese and a few American plants in the not-too-distant past, it is bound to raise questions about the generics industry as a whole.

As the story unfolds, the dubious and outright fraudulent practices at Ranbaxy and a clutch of other Indian companies that are enumerated in the book put a different complexion on India's generic drug boom and its moniker of ‘pharmacy of the world’.