Domestic sales improved in 2014, recovering from
the slump in the 2013 caused by the market’s reaction to the new drug pricing
policy. In 2015, growth is expected to
continue to be healthy, as the momentum continues and improving economic growth
allow more spending on healthcare. Sun
Pharma acquisition of troubled Ranbaxy helped it to become the leading Indian
pharma company in terms of domestic market share. Sun’s in-licensing of biologics from Merck
also indicates, Indian companies willingness to advance its pipeline towards
upper value chain. Though, US market
remains the largest market for India generic exports, it is witnessing a
slowdown in product approvals and channel consolidation which has impacted
overall pricing and margin for the industry. The increase in audits by US FDA
staff on the Indian plants of both multinationals and Indian companies have led
to an increased number of issuance of warning letters. Indian Pharma companies
are trying to diversify into other markets such as Brazil, Mexico, Venezuela
and also in some East European markets to lower this growing dependency on the
US.
Department of Pharmaceuticals (DoP), Ministry of
Chemicals and Fertilizers, Government of India under ‘Make in India’ program
has decided to declare the year 2015 as ‘Year of Active Pharmaceutical
Ingredients (API).’ Under the ‘Make in India’ initiative, it is expected that
the government will introduce many industry-friendly policies and incentives to
give a major thrust to the growth of Indian bulk drug industry to make it a
formidable force globally. State
government of Telnagana has already announced many incentives for the bulk
manufacturing units.
Indian companies are taking center stage in Complex
Generics at US and EU markets. In
Bio-similars, Indian companies will have perhaps the largest basket aimed at
Emerging Countries in 2015-20 and later for Developed countries. Though few but
is the beginning of NCE/mAb development by Indian companies is a sign of Indian
Generics moving up in the chain. Biopharma/ biotech companies in India, S.
Korea, China may have significant advantages of low-cost manufacturing,
colossal markets, and healthy government support over potential peers from
other regions. The cost barriers in the
biosimilar market lead regulated marketed giants to tie up with Asian companies
to gain access to these advantages and hedging their bets through a
joint-venture strategy.
Spanning
over 109 pages “Mature Biotech Outlook
2015: New Therapy Ventures Pave the Way for Success” report covering Aurobindo
Pharma -
Recovery so Far, So Good, Domestic Business, Biocon - Global Partnerships and Creating Further
Value of CRAMS –Future Drivers, Cadila
- NCE, Bio-Similars, Transdermal
and Complex Generics, Caplin Point -
Debt free Company With Strong Management – Latin America Investment Strategy,
Cipla - Fresh Leadership to Start Delivering Results Soon, Dr. Reddy's - Onco
Generics and Complex Formulation Are New Catalysts for Growth. This report
Covered These Companies - Aurobindo, Bincon, Cadila Healthcare, Caplin Point,
Cipla, Drishman, Dr. Reddy's, Glenmark, Jubilant Life Science, Lupin, Natco,
Orchid, Panacea Biotech, Shilpa Medicare, Stride Arco Lab, Sun Pharma.
For further information on
this report, please visit- http://mrr.cm/4ck
Find
all Pharma and Healthcare Reports at: http://www.marketresearchreports.com/pharma-healthcare
No comments:
Post a Comment
Note: only a member of this blog may post a comment.