In­dian pharma should ex­plore op­por­tu­ni­ties in po­ten­tial mar­kets

BioSpectrum (Asia) - - Bio Event -

UBM In­dia re­cently hosted the 5th edi­tion of Phar­maLyt­ica 2018 in Hy­der­abad at the HITEX Ex­hi­bi­tion Cen­tre, with BioSpec­trum serv­ing as the con­fer­ence part­ner. The two day event was in­au­gu­rated by Dr Preeti Meena, Director, Drugs Con­trol Ad­min­is­tra­tion, Hy­der­abad along with Uday Bhaskar Reddy, Director Gen­eral, Phar­ma­ceu­ti­cals Ex­port Pro­mo­tion Coun­cil (PHARMEXCIL), Dr Ap­paji PV, Director Gen­eral Emer­i­tus, PHARMEXCIL, Av­inash Tal­war, Director & Head, Global Sourc­ing (Strate­gic & Plant) Dr. Reddy’s Lab­o­ra­to­ries Ltd, Dr R B Smarta, Managing Director, In­ter­link Mar­ket­ing Con­sul­tancy, Yo­gesh Mu­dras, Managing Director, UBM In­dia and Rahul Desh­pande, Group Director, UBM In­dia amidst a gath­er­ing of in­dus­try ex­perts and gov­ern­ment of­fi­cials.

Phar­maLyt­ica event over the years has been pro­vid­ing a plat­form to the phar­ma­ceu­ti­cal com­mu­nity to pro­cure the cur­rent in­dus­try trends, in­no­va­tions and con­duct busi­ness with An­a­lyt­i­cal, Lab­o­ra­tory, Ma­chin­ery, Pack­ag­ing and other al­lied In­dus­tries. The expo is well sup­ported by as­so­ci­a­tions, in­clud­ing Pharmexcil, Con­fed­er­a­tion of In­dian Phar­ma­ceu­ti­cal In­dus­try (CiPi) and In­dian Drug Man­u­fac­tur­ers’ As­so­ci­a­tion (IDMA).

At the in­au­gu­ral ses­sion, Uday Bhaskar Reddy, DG, PHARMEXCIL said, “In FY 2017-18, In­dian Pharma ex­ports grew to $17.26 bil­lion. One of the key de­vel­op­ment to no­tice is, de­spite 8 per cent neg­a­tive growth wit­nessed in the US mar­ket, we still grew pos­i­tive by 2.92 per cent. There are po­ten­tial mar­kets to ex­plore like China, South Africa and Com­mon­wealth of In­de­pen­dent States (CIS) mar­kets and even if neg­a­tive growth con­tin­ues in the US mar­ket, the In­dian pharma com­pa­nies should be con­fi­dent and fo­cus on growth and ex­plore op­por­tu­ni­ties in the po­ten­tial mar­kets.”

Over the two days, ex­perts from or­gan­i­sa­tions such as Dr. Reddy’s Lab­o­ra­tory, No­var­tis Health­care, Deloitte, Pfizer Health­care, USP In­dia, Aztec In­dia, Apex Lab de­lib­er­ated over the var­i­ous trends and is­sues re­lated to qual­ity as­sur­ance tech­nolo­gies, main­te­nance of qual­ity cul­ture and reg­u­la­tory com­pli­ance stan­dards within the In­dian phar­ma­ceu­ti­cal sec­tor.

“The avail­abil­ity of good qual­ity drugs is of ex­treme im­por­tance. To­day, the In­dian pop­u­la­tion is suf­fer­ing from a large num­ber dis­eases such as hy­per­ten­sion, di­a­betes etc. We need to make sure that our drugs are free from im­pu­ri­ties and tox­i­c­ity. Good man­u­fac­tur­ing set ups are re­quired in the phar­ma­ceu­ti­cal pro­duc­tion fa­cil­i­ties to en­sure the cor­rect qual­ity of the prod­ucts. We are ac­count­able for us­ing ap­pro­pri­ate ma­chin­ery, equip­ment and other in­puts in or­der to en­sure qual­ity pro­duc­tion. We also need to main­tain data in­tegrity which is a very crit­i­cal is­sue of de­vi­a­tion. Wher­ever re­quired, global stan­dards should be im­ple­mented even if it comes in re­turn with high pric­ing”, said Dr Ap­paji PV, DG Emer­i­tus, PHARMEXCIL, dur­ing the first ses­sion of the two-day event. Phar­maLyt­ica wit­nessed a par­tic­i­pa­tion from over 150 ex­hibitors from across the coun­try-Kir­loskar, Stan­dard Group of Com­pa­nies, Borosil Glass Works, Bry-Air Asia, Ro­tomark In­no­va­tions, Con­trol Print, Gandhi Au­to­ma­tion, Leis­tung En­gi­neer­ing among many oth­ers.

L-R- Rahul Desh­pande, Group Director, UBM In­dia; Yo­gesh Mu­dras, Managing Director, UBM In­dia; Uday Bhaskar Reddy, Director Gen­eral, Phar­ma­ceu­ti­cals Ex­port Pro­mo­tion Coun­cil (PHARMEXCIL); Dr P V Ap­paji, Director Gen­eral Emer­i­tus, Phar­ma­ceu­ti­cals Ex­port Pro­mo­tion Coun­cil (PHARMEXCIL); Av­inash Tal­war, Director & Head, Global Sourc­ing (Strate­gic & Plant)Dr. Reddy’s Lab­o­ra­to­ries Ltd;Dr.R B Smarta, MD, In­ter­link Mar­ket­ing Con­sul­tancy, Milind Kokje, Chief Editor, BioSpec­trum at the in­au­gu­ra­tion cer­e­mony of the 5th Edi­tion of Phar­maLyt­ica at the Hitex Ex­hi­bi­tion Cen­tre, Hy­der­abad, In­dia.

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