A focus on progress of pharmaceutical industry of India
Source: Times Of India Introduction Indian pharma industry is known as the Pharmacy of the World due to the vital role it played in delivering cost-effective and high-quality generic drugs globally, the generic drugs accounting for 71 % share, and over-the-counter and patented drugs accounting for the remaining 21 and 9 % shares respectively. India, […]
The top 10 biopharma M&A deals of 2023
Source: Fierce Pharma While the biopharma industry’s dealmaking totals have yet to eclipse the heady highs of 2019, mergers and acquisitions were back on the menu in a big way in 2023. Last year, the value of the top 10 M&A deals in the biopharma industry came to $115.8 billion, outranking prior sums from 2022, […]
Top 10 blockbuster drugs that will become off-patent in 2024
Source: Financial Express The discovery and development of innovative medicines play a crucial role in finding treatment and addressing disease burden. The cost of bringing a new drug to market is approximately $5 billion and can take nearly 15 years to get a drug introduced to the market. When a pharmaceutical company develops a new drug to […]
Top 50 Pharmaceutical Companies of the world
Source: Visual Capitalist Globally, big pharma revenues have grown by more than half a trillion dollars since 2012, driven by an aging global population. American drugmakers make up the greatest market share worldwide by far, supported by high prices in a less regulated market. Yet with 190 drug patents expiring in the next decade, many companies face […]
Indian pharma eyes ease of shared regulatory framework
Source: Pharmabiz The Indian pharmaceutical industry is eyeing the seamless applicability of its expertise into nutraceutical research and manufacture which is underscored by the shared regulatory frameworks and quality standards of the two sectors. Indian pharmaceutical companies, which are now considering a foray into nutraceutical market, have recognised there is an untapped potential. This transformative […]
API Market to reach a USD 839.1 Billion by 2033
Source: Yahoo Finance The global demand for pharmaceutical products, including both branded and generic drugs, has been steadily rising. As a result, the need for active pharmaceutical ingredients, which are the essential components of these medications, has grown substantially. New York, Jan. 23, 2024 (GLOBE NEWSWIRE) — According to Market.us, the global Active Pharmaceutical Ingredient market size […]
Domestic pharma market grew by 6.8% in 2023
Source: rediff The Indian pharmaceutical market (IPM) grew 6.8 per cent to touch a turnover of ~1.93 trillion in calendar year 2023, despite volumes going down marginally by 0.9 per cent. Growth in the moving annual turnover (the previous 12 months’ turnover) in December was 5.1 per cent and that in new product introduction 2.6 […]
Asia-Pacific Pharma Logistics Market to Reach $197 Billion by 2028
Source: Yahoo Finance Dublin, Jan. 15, 2024 (GLOBE NEWSWIRE) — The “Asia-Pacific Pharmaceutical Logistics Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)” report has been added to ResearchAndMarkets.com’s offering. The Asia-Pacific pharmaceutical logistics market is experiencing robust growth with a projected Compound Annual Growth Rate (CAGR) of 6.68% from 2023 to 2028. A deep-dive […]
Generative AI in the pharmaceutical industry: Moving from hype to reality
Source: mckinsey.com The technology could offer pharma companies a once-in-a-century opportunity – but only if they learn to scale it and address the industry’s unique challenges. Accelerated drug discovery. More efficient clinical trials. Quicker regulatory approvals. Ultra targeted marketing and medical materials generated in-house. Generative AI is transforming nearly all aspects of the pharmaceutical industry, revamping […]
Pharmacovigilance Industry Survey Report 2023: Trends on Transformation
Written: Abid Ali Khan The findings from the Pharmacovigilance Industry Survey Report for 2023 provide valuable insights into the current landscape of pharmacovigilance practices and the future direction of the industry. Here’s a breakdown of the key findings: Compliance, Quality, and Operational Efficiency: The primary focus areas for pharmacovigilance teams are compliance with regulations, ensuring […]