Understand Pharma Sector in Detail - Pharma Primer
"Get ready for your comprehensive guide to understanding the fundamentals and specifics of the Indian Pharma Sector." Pharmaceutical Industry The following article provides an overview of the Indian Pharmaceutical Industry, aiming to familiarize readers with the terminology and jargon used in the industry. It briefly touches upon terms such as API, Intermediates, CDMOs/CRAMs, PARA Filings, Innovator drugs, Generic drugs, and life cycle development. The Indian pharmaceutical market is unique in several ways. Branded generics make up 70 to 80% of the retail market, and India is the largest exporter of generic drugs globally. Local pharmaceutical companies have a strong position due to their formulation development capabilities and early investments. Additionally, the market has low price levels driven by intense competition. Although India ranks tenth globally in terms of value, it is ranked third in volumes. These characteristics create both opportunities and challenges for th...