IPA also refuted the study's reliance on the FDA Adverse Event Reporting System (FAERS) data, stating that FAERS data is observational and does not prove causation between drugs and adverse events.
Indian Pharmaceutical Alliance, Pharmacy Council of India sign MoU to this effect. So far, 35 teachers have been trained under the first phase. The intention is to help build a competent workforce for the industry.
The government is likely to revise the Uniform Code of Pharmaceutical Marketing Practices in 2023.
The change has come through a modification in the National Policy for Rare Diseases, which was first notified in 2021
Indian drug makers should focus on raising the quality of their products to capture 5-6 percent of global pharma sales by 2030, says the secretary general of the Indian Pharmaceutical Alliance
"Because the world is changing fast, so you have to be in learning mode: learn, unlearn and relearn."
Hydroxychloroquine is being touted as a game changer in the fight against COVID-19 pandemic.
The US FDA appointment is closely watched by Indian pharmaceutical industry which supplies 40 percent of the generic medications consumed in the US. The generic or copycat drugs account for more than 8 in 10 prescriptions. India has 572 US FDA compliant plants -- the highest outside US.
The Indian Pharmaceutical Alliance – a powerful grouping of twenty leading Indian drug companies – has written to Arvind Panagariya, vice chairman of the National Institution for Transforming India or NITI Aayog, expressing concerns over the recent decisions of the government.
Analysts who track the sector say that Jaitley‘s statement hints at government intention in making generic prescribing mandatory.
Watch the interview of DG Shah, Habil Khorakiwala, KG Ananthakrishnan, Nandkumar Chodankar, SK Nanda, Sudhansh Pant to CNBC-TV18‘s Ekta Batra where they spoke about issues that standout in terms of India and America and the pharmaceutical sector.
As far as the petition goes, the IPA has said that the NPPA has committed a contempt of court order with regard to the August 2014 order of the Bombay High Court where they said that no coercive action should be taken against any pharma company belonging to the IPA.
The National Pharmaceutical Pricing Authority (NPPA) has issued a notification for price hike of drugs in line with the wholesale price index of 2014 under Drug Price Control Order, 2013.
India is all set to become one of the top economies of the world and Asia‘s next super power. India‘s growing market of 1.2 billion people with an average age of 25 an economy capable of generating a GDP of 8.5% and a middle-class of 250 million people have experts‘ confidence that India will grow rapidly in coming decade.
The Indian Pharmaceutical Alliance hit back at international drug major Pfizer by stating that India's business environment for pharma companies had not been biased.
DG Shah, secretary-general, Indian Pharmaceutical Alliance explains to CNBC-TV18 that the new pharma pricing adopted by the government would offer less effective drugs to consumers, stifle the growth of research and development in India and stall overseas investment.
With GoM set to take a call on framing the drug pricing policy, India's largest association of pharma companies has submitted a study to show the pricing formula should be market based. But critics say this could end up in increasing drug prices reports CNBC-TV18's Archana Shukla.
The Department of Industrial Policy and Promotion (DIPP) had put out a discussion paper dealing with compulsory licenses for the pharmaceutical sector. DG Shah, secretary general, Indian Pharmaceutical Alliance, speaks about the issue.