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Pharmaceuticals Limited. India – CIS International Pharma Conference 3-5 th March 2006, Mumbai. Prashant Nagre Vice President – API Division. Top 10 destinations for Formulations Russia ranks 2nd. Top 10 destinations for Bulk Drugs Russia and CIS does not feature !.
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Pharmaceuticals Limited India – CIS International Pharma Conference 3-5th March 2006, Mumbai Prashant Nagre Vice President – API Division
Top 10 destinations for Formulations Russia ranks 2nd Top 10 destinations for Bulk Drugs Russia and CIS does not feature ! What should be our OBJECTIVE? CIS should be among TOP 5 destinations
IndianPharmaceuticalIndustry An Overview
Industry Overview - • More than 8,000 to 9,000 manufacturing units • 300 Large and Medium sized companies account for more than 80% turnover • Performance • Turnover : $ 8.2 bn, growth 9% • Exports : $ 3.5 bn, growth 14.86% • API exports contribute 32%, growth 5% • Well established central & regional network of Regulatory authorities • Patent Act of 1970 helped the industry to grow rapidly INDIA IS SELF-SUFFICIENT TODAY
Industry Overview • Infrastructure • Well developed, most of the pharmaceutical machinery locally made, Engineering and plant designs matching international standards • cGMP compliant manufacturing infrastructure • International approvals/accreditations • US FDA approvals - >80 units • UK MHRA • TGA, Australia • WHO-GMP • Talent Pool • Availability of educated manpower in abundance (Pharmacy, Engineering, Biotech and Science graduates) • Rich scientific talent & research capabilities
Strengths : Active Pharmaceutical Ingredients Industry
Strengths – Bulk Drug Industry • Reverse Engineering – • Process patents regime helped Indian industry to gain significant skills in Chemistry and process engineering • Quality – • comparable to best in world • Competitiveness – • Through efficiencies and lower cost of production in India • Understanding of regulatory requirements – • More than 35% of DMFs were filed from India in the US • State-of-the-art R&D infrastructure
Strengths – Bulk Drug Industry • Introduction of product patents • Ability to be a partner in outsourcing and launch of new products • Product Portfolio • wide variety of drugs substances produced (Traditional antibiotics, New lifestyle categories like Cardiac, Respiratory and Vitamins, Anti HIV/ AIDS, CNS & Diabetic ) • Bird flu : Indian companies in the fore front
Ranbaxy Labs Cipla Dr Reddy Labs GSK Nicholas Piramal Lupin Ltd Sun Pharma Cadila Healthcare Aurobindo Pharma Wockhardt Ltd Major Players : Bulk Drug Industry (Source: Compiled by Cygnus)
Why to buy Indian Pharmaceuticals ? Reliability Growth in exports mainly attributable to this reason
Why to buy Indian Pharmaceuticals ? • Consolidated know-how in production process • High Product Quality • New regulatory compliance culture • Consistency in Quality • Strict Regulatory Compliance • Products meet most stringent GMP standards • Continuous technological innovation through R & D • Professionalism of sales and technical staff – “Global Service”
Opportunities • Exports • Bulk Drugs • Chemicals/Raw materials/Intermediates • Biotech & Biological Products • Joint Ventures with Indian Companies • Technology acquisitions
Opportunities • Pellets/Directly compressible granules/times release products • Contract Research and Manufacturing (CRAMS) • Diversification in Destination – Russia & Ukraine constituted 78% of total bulk drug exports
Vision for Indian Pharmaceutical Industry Padmabhushan Dr R A Mashelkar • Be Innovative • Not embark on beaten paths but traverse untrodden paths • Have Compassion • By creating therapeutics for poor that are available, affordable and accessible • Have Passion • To be best in the WORLD in terms of Quality of products, highest ethical standards and providing value for money