Brawn Biotech,Medicamne,Shilpa Medicare,Mangalam Drugs & Organics,Morepen Laboratories & Laurus Labs Ltd are in race for the coveted Pharma Leaders Innovation Award for Corporate Governance and Sustainability Vision 2017 2017
India’s pharmaceutical companies are facing a series of regulatory and other hurdles, exacerbated by self-inflicted errors and badly conceived government policies that will hobble the $30 billion generic drug sector. Some companies have started to work together to raise quality and iron out regulatory compliance problems, but others have yet to make serious efforts to help themselves. That needs to change quickly. Top pharma companies are also troubled by other domestic regulatory moves that seek to expand the number of medicines regulated by price-controls and to place restrictions on fixed-dose combination drugs — multiple drugs in single doses, which account for roughly 45% of the industry’s sales. This follows a panel finding that 963 fixed-dose combination drugs posed health risks and had no therapeutic justification.
The government also proposes to raise import duties on active pharmaceutical ingredients, the key elements of drugs, to boost the domestic industry and reduce India’s over-dependence on imports from China for bulk drugs and APIs. This will likely increase manufacturers’ costs for finished products.
Here are the final Six Nominees for the prestigious Pharma Leaders Innovation Award for Corporate Governance and Sustainability Vision 2017 at the historic 10th Annual Pharmaceutical Leadership Summit & Business Leadership Awards 2017
Pharma Leaders Innovation Award for Corporate Governance and Sustainability Vision 2017
1. Brawn Biotech Ltd. (055)
2. Medicamne Bio Limited. (056)
3. Shilpa Medicare Ltd. (057)
4. Mangalam Drugs & Organics Ltd. (058)
5. Morepen Laboratories Ltd. (0459
6. Laurus Labs Ltd. (060)
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