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India's pharmaceutical industry: hype or high tech take-off?

journal contribution
posted on 2004-11-08, 00:00 authored by P Malhotra, Hans Lofgren
India has built a large pharmaceutical industry through an array of measures in support of domestic firms. The absence of product patents enabled Indian companies to become world leading producers of generic versions of patented drugs. Low costs and a strong engineering tradition continue to sustain competitive strength. The implementation of the World Trade Organization patent regime in 2005 is driving a transformation of the industry. Key elements of the present shake-up include the return of 'big pharma' companies on a large scale and the emergence of several Indian firms that aim to become fullyfledged research-based multinationals. This article provides a description of the development and structure of the Indian pharmaceutical industry and explores questions and challenges arising from its integration into global markets.

History

Journal

Australian health review

Volume

28

Issue

2

Pagination

182 - 193

Publisher

The Association

Location

Sydney, N.S.W.

ISSN

0156-5788

eISSN

1449-8944

Language

eng

Publication classification

C1 Refereed article in a scholarly journal

Copyright notice

2004, Australian Healthcare Association

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