Biopharma Business under Stress?
It would not be wrong to describe the drug segment in India in this condition. Naturally, the audacious faces of the drug industry may not denounce this reality. Even so, given the superfluity of regulatory warning letters and import alerts that various drug companies in the industry have obtained over the last 4 to 5 years, without doubt ,questions are confine to be placed to the companies in the drug segment. At the same time domestic business operations continuing at full strength, manufacturing for exports has taken a hit from the increased regulatory inspections by the drug authorities functionaries. One starts to wonder whether drug companies in India have been strident breakers of current good manufacturing norms. Definitely it can’t be, indeed everybody agrees. However, if the confederacy ideologues neglected, the reality stays that there are stimulating situations of abidance and making a coherent culture of quality. While the pharma stock market has witnesses major drop i...