1. New Drug Discovery and Development: Indian Pharmaceutical Industry
- Author
-
Nagarajan Kuppuswamy, Venkateswarlu Akella, and Srinivas Nanduri
- Subjects
Product (business) ,Government ,Exploit ,Multinational corporation ,business.industry ,Process development ,media_common.quotation_subject ,Quality (business) ,Business ,International trade ,Patent Act ,media_common ,Pharmaceutical industry - Abstract
The growth of industry, especially pharmaceutical industry, calls for intensive and innovative research. The chapter attempts to capture these in the growth of Indian Pharma over the years beginning from Acharya’s foray in 1901 and traces the entry of Indian and multinational companies into manufacturing activities, the latter hedged by protective measures like MRTP ACT and Patent ACT of 1970. Sales turnovers were modest but a small number of Indian companies and even a very few multinationals started new drug discovery research (NDDR). The Government on the other hand, as a measure of self-sufficiency, built national institutions like Central Drug Research Institute with multidisciplinary facilities for NDDR and process development of drugs. In the meantime, Indian Pharma grew strongly under the umbrella of the Indian Patent Act 1970 and established itself as suppliers of affordable generics of quality medicines. The Hatch-Waxman Act 1984 of the USA leading to the promise of obtaining approval for abbreviated new drug applications (ANDA) opened the gates for the lucrative US generics market which India was well set to exploit with its established skills in manufacture of APIs and formulations. Many Indian companies now had the means to venture into NDDR which became a necessity following the implementation of product patent regime since 2005.
- Published
- 2021
- Full Text
- View/download PDF