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Pharmaceuticals Sector

- - - - - Pharmaceuticals Sector Pharmaceuticals

457 replies to this topic

#1
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    Pharma exports to touch $600m by 2010: exporters

    By Razi Syed

    KARACHI: Pharmaceutical sector of Pakistan is capable to enhance its exports to the tune of more than $600 million by 2010, the manufacturers and exporters said on Friday.

    A senior member of Pakistan Pharmaceutical Manufacturers Association (PPMA), Dr Kaiser Waheed said currently Pakistan was exporting pharmaceutical worth $85 million while the industry was aiming to expand and this would only be possible when government puts a ban on the import of medicine, produced by the country.

    India and China are two low-cost drug manufacturers. Pakistan, unfortunately, is located between these two countries. But now, Pakistan is all set for the action. For the past 10 years, the nation has been establishing its drug-manufacturing units, infrastructure and export capabilities.

    He said around 22 international pharmaceutical players and about 380 registered national units are functioning in Pakistan. The total worth of pharmaceutical industry of Pakistan is estimated at $1.9 billion.

    He said the country has a low-cost base and the cost of converting generic drugs into their more famous derivatives is among the lowest in the world.

    He pointed out that the ideal location of the country at the world's centre makes it cost-efficient in terms of freight costs.

    Also, a number of drug courts are working in Pakistan to ensure the quality control of the manufactured drugs and to govern the authentication of exported drugs, he added.

    We are exporting medicines to Sri Lanka, Vietnam, African countries and Philippines, he added.

    A report on 'World Pharmaceutical Market (2007)' by RNCOS' Research Analyst puts forth his views that Pakistan is already trading its pharmaceutical products abroad to highly organised markets.

    Also, the country is a part of TRIPS agreement and since 2000, it has its Intellectual Property Legislation duly placed, its pharmaceutical industry is waiting to fly high.

    He said the manufacturers were importing blister units, tablets and capsules making machinery from Korea, China and Germany due to their quality and cost effectiveness. The government should provide incentives to pharmaceutical exporters in shape of cost sharing for registration of pharmaceutical products in foreign markets.This would result in enhancement of the export of pharmaceutical products in the foreign markets and help government to achieve the set target of the export during the fiscal year 2007-08.

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    View PostStock Guru, on Jun 30 2007, 07:02 AM, said:

    Pharma exports to touch $600m by 2010: exporters

    By Razi Syed

    KARACHI: Pharmaceutical sector of Pakistan is capable to enhance its exports to the tune of more than $600 million by 2010, the manufacturers and exporters said on Friday.

    A senior member of Pakistan Pharmaceutical Manufacturers Association (PPMA), Dr Kaiser Waheed said currently Pakistan was exporting pharmaceutical worth $85 million while the industry was aiming to expand and this would only be possible when government puts a ban on the import of medicine, produced by the country.

    India and China are two low-cost drug manufacturers. Pakistan, unfortunately, is located between these two countries. But now, Pakistan is all set for the action. For the past 10 years, the nation has been establishing its drug-manufacturing units, infrastructure and export capabilities.

    He said around 22 international pharmaceutical players and about 380 registered national units are functioning in Pakistan. The total worth of pharmaceutical industry of Pakistan is estimated at $1.9 billion.

    He said the country has a low-cost base and the cost of converting generic drugs into their more famous derivatives is among the lowest in the world.

    He pointed out that the ideal location of the country at the world's centre makes it cost-efficient in terms of freight costs.

    Also, a number of drug courts are working in Pakistan to ensure the quality control of the manufactured drugs and to govern the authentication of exported drugs, he added.

    We are exporting medicines to Sri Lanka, Vietnam, African countries and Philippines, he added.

    A report on 'World Pharmaceutical Market (2007)' by RNCOS' Research Analyst puts forth his views that Pakistan is already trading its pharmaceutical products abroad to highly organised markets.

    Also, the country is a part of TRIPS agreement and since 2000, it has its Intellectual Property Legislation duly placed, its pharmaceutical industry is waiting to fly high.

    He said the manufacturers were importing blister units, tablets and capsules making machinery from Korea, China and Germany due to their quality and cost effectiveness. The government should provide incentives to pharmaceutical exporters in shape of cost sharing for registration of pharmaceutical products in foreign markets.This would result in enhancement of the export of pharmaceutical products in the foreign markets and help government to achieve the set target of the export during the fiscal year 2007-08.



    gru bhai which type of effect we can see on the sector from the above news and which company will be effected hardly

    #3
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    Ye news to bahut positive hai and it will affect all the pharma companies positively glaxo,aventis,abott,searle,highnoon but there was one negative point in the current budget that 1% imposition of tax on import of raw materials and the pharma companies cant pass on the cost to consumers as they cant raise their product prices.

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    View PostStock Guru, on Jul 1 2007, 09:42 PM, said:

    Ye news to bahut positive hai and it will affect all the pharma companies positively glaxo,aventis,abott,searle,highnoon but there was one negative point in the current budget that 1% imposition of tax on import of raw materials and the pharma companies cant pass on the cost to consumers as they cant raise their product prices.

    THANX GRU BHAI APP KI NAZAR MEIN SAB SA ACHI COMPANY KON SII HAA JIS KA RATES BHI SAHI HOON ACCUMULATION KA LIYA

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    highnoon,glaxo.

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    India to be one of top 10 drugs markets: study
    Thursday, August 23, 2007

    NEW DELHI: India will become one of the world’s top 10 drugs markets by 2015 as incomes rise and “lifestyle” ailments such as heart disease become more common, global consultancy McKinsey said on Wednesday.

    Underpinning the rosy scenario for the pharmaceuticals market is an expected rise in per capita disposable income to $765 by 2015 from $463 now on the back of rapid economic expansion.

    “India’s pharmaceuticals market will undergo a major transformation in the next decade,” Gautam Kumra, the co-author of a report compiled by McKinsey, told AFP.

    “Nearly 140 million people will move above the poverty line during the next decade, which should increase spending on basic health care,” he said.

    The market will more than triple to $20 billion by 2015 from 6.3 billion today, and India will leapfrog to the 10th ranking globally, up from 14th place in 2005, overtaking Brazil, Mexico, South Korea and Turkey. India is bracing for a worsening health crisis from chronic diseases, which already claim more lives than infectious diseases such as malaria and tuberculosis.

    With growing affluence, Indians are adopting unhealthier lifestyles. Sedentary jobs, poor diets and smoking are cited as reasons for the sharp general decline in the nation’s health.

    “In the past, you only heard about acute infections but now there are more chronic ‘lifestyle’ diseases like metabolic diseases, diabetes, high blood pressure,” Kumra said. “India already is home to the largest number of diabetics in the world and a big number of cardiovascular cases,” he said.

    The World Health Organisation has forecast India will not only be the world’s heart attack capital but also the capital of diabetes and hypertension by 2020.

    “The reality is that India will be a very important market for pharmaceutical companies,” Kumra said.

    Generics will continue to dominate the market while patent-protected drugs will account for about 10 per cent, the report said.

    The growing prevalence of lifestyle disorders and a rise in cancer cases is seen as spurring growth in more expensive speciality drugs.

    The market is also being driven by aggressive drug marketing and a greater prevalence of health insurance, with the number of patients with some sort of coverage expected to double by 2015 to 220 million.

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