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Pharma industry leaders to come out with a white paper report to be presented to policy makers

Our Bureau, Mumbai
Thursday, November 30, 2017, 17:20 Hrs  [IST]

Pharma industry leaders deliberated on issues related to domestic pharma industry with focus on affordable healthcare to come out with a white paper for the policy makers on the occasion of the CEO Round Table as part of the 2nd edition of India Pharma Week, a UBM India initiative introduced to celebrate a decade of CPhI & P-MEC.

A representative body of the group comprising Kewal Handa, Dr. Dinesh Dua, Sriram Shrinivasan, S.M. Mudda and Yogesh Mudras discussed the key tenets of its proposals.

The recommendations included, but were not limited to the following key point like  India should build on its own strengths to improve exports from the country, Union and State Governments should develop a proactive approach towards building better quality compliance in the sector. They should be a facilitator of funds and platforms, and leave the mechanism of delivery to the private sector. The approach towards quality compliance should be a behavioural priority with a bottom- up approach. A distinction should be made between adherence and compliance, with a focus on the former when it comes to ground implementation.

With the technology disruption in the pharma sector, access to quality healthcare across geographies and at various socio-economic levels should be easier and is of critical importance. Technology helps save on factors such as time and travel, of vital importance in accessing quality and timely healthcare.

SMEs in India are one of the drivers of the growth trajectory in the economy. The SME sector should be well built with the capacity to comply with the quality checks and delivery requirements to enhance the accessibility of medicines to consumers

Increasing collaboration with the academia in the form of Indian Pharma research institutes and university is vital. An intrinsic link between the industry, government and educational institutions is also highly recommended

The exclusive closed-door Round Table was a congregation of India’s most influential CEOs, Presidents & Founders from leading pharmaceutical companies.

Speaking on the occasion of the CEO Round Table, Yogesh Mudras, Managing Director, UBM India said, “Renowned as the pharmacy hub of the world, the Indian pharma economy has been lauded for its rapid growth, with a CAGR of 17.6%. As we congregated for this elite knowledge sharing session, we confronted the Indian pharma industry at a very crucial juncture in its growth trajectory.  While India ranks amongst the top four pharmaceutical markets in terms of volume of produced drugs, certain challenges continue to surround its pharma industry. India faces issues including a time-consuming approval process, dependence on China for cheaper API sources, sub-optimal infrastructure, lack of funding avenues, and a shortage of highly skilled talent, among others. “

“Meanwhile, the US - the largest exporter of Indian generics -- has started looking inwards at its own domestic market. Hence the subject of Ensuring India’s Pharma Supremacy- Make in India becomes critical. The reasons and solutions for this gap were discussed by the noted master strategists who drive business in the pharma sector. The CEO Round Table is an extremely proactive initiative with the White Paper Report that will be presented to relevant policy makers.” he further added.

The best-in-class industry professionals who were a part of the exclusive meeting included D G Shah, Secretary General, Indian Pharmaceutical Alliance; Dinesh Dua, CEO & Director, Nector Lifesciences; S V Veeramani, Chairman & MD, Fourrts (India) Laboratories Pvt Ltd; Prashant Nagre, CEO, Fermenta Biotach; Ranga Iyer, Former MD, Wyeth; Rajiv Gulati, Former President, Ranbaxy; Suresh Subramanium, Senior VP & Head, Branded Formulations, South Asia; Ashok Bhattacharya, Executive Director/ Country Manager, Takeda Pharmaceuticals India Pvt Ltd; Prof. Pierre Pienaar, President, WPO; Dev Prakash Yadava, Managing Director , Shardachem; Dr. G.M. Warke, Founder & CMD HiMedia Laboratories; A. Vaidheesh, MD, GSK; Ziva Abraham, CEO, Microrite Inc;  Srinivas Lanka, Vice Chairman Pharma and Bio Taskforce, Andhra Pradesh Economic Development Board; Kewal Handa, Director, Salus Lifesciences;  B.G. Barve, Joint Managing Director, Bluecross Laboratories Pvt Ltd; S M Mudda, Director Global Strategy, Microlabs and Yogesh Mudras, Managing Director, UBM India.

 

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