The Global Pharmaceutical Industry

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Questions and Answers

The global pharmaceutical industry is primarily driven by which factor?

Research and development (R&D)

Which countries are currently experiencing a shift towards generics due to high prices of under-patent drugs?

USA and European markets

What is the reason behind pharma MNCs consolidating through mergers and alliances?

To spread their R&D costs over a larger base

What is the significance of the TRIPs agreement for India's pharmaceutical sector?

<p>It requires India to enforce product patents by the year 2005 AD</p> Signup and view all the answers

What percentage of drugs/formulations in the Indian pharma sector are controlled by the Government?

<p>Over 60%</p> Signup and view all the answers

What is the purpose of pharmaceutical MNCs consolidating through mergers and alliances?

<p>Pharma MNCs are consolidating through mergers and alliances to spread their R&amp;D costs over a larger base.</p> Signup and view all the answers

What is the significance of the TRIPs agreement for India's pharmaceutical sector?

<p>Under the TRIPs agreement, India has to enforce product patents by the year 2005 AD.</p> Signup and view all the answers

What is the current situation in the Indian pharma sector regarding government control of drug prices?

<p>Over 60% of the drugs/formulations in the Indian pharma sector are Government controlled through DPCO.</p> Signup and view all the answers

Why are generics gaining popularity in the USA and European markets?

<p>The high prices of under-patent drugs are causing a shift to generics in the USA and European markets.</p> Signup and view all the answers

What is the focus of major players in the Indian pharma sector due to low entry barriers in the domestic bulk drugs market?

<p>Major players are focusing on formulations where brand image and distribution network act as entry barriers.</p> Signup and view all the answers

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