Pharmaceutical industry in the People's Republic of China

From Wikipedia, the free encyclopedia The pharmaceutical industry is one of the leading industries in People's Republic of China, covering synthetic chemicals and drugs, prepared Chinese medicines, medical devices, apparatus and instruments, hygiene materials, packing materials, and pharmaceutical machinery. China accounts for 20% of the worlds population but only 1.5% of the global drug market. China's changing health-care environment is designed to extend basic health insurance to a larger portion of the population and give individuals greater access to products and services. Following this period of change, the pharmaceutical industry is expected to continue its expansion. The domestic pharmaceutical market is highly fragmented and inefficient. China, as of 2007, has around 3,000 to 6,000 domestic pharmaceutical manufacturers and around 14,000 domestic pharmaceutical distributors. Most often cited adverse factors include a lack of protection of intellectual property rights, a lack of visibility for drug approval procedures, a lack of effective governmental incentives, poor corporate support for drug research and differences in the treatment in China accorded to local and foreign firms.[1] Even so, the industry environment has been transformed for the better over the last 10 years. Entry to the WTO has brought a stronger patent system, medical insurance is now more widespread, and pharmaceutical-related regulations have been stiffened. China is reportedly expected to become the third largest pharmaceuticals market in the world by 2011.[2] Research and development is rapidly increasing with Shanghai becoming one of the most important global centers. Most notably, Novartis is expected to establish a large R&D base in Shanghai that will be a pillar of its drug development.[3] Currently China has about 3,500 drug companies, falling from more than 5,000 in 2004, according to government figures. The number is expected to drop further. The domestic companies compete in the $10 billion market without a dominant leader. As of 2007, China is the world's ninth drug market, and in 2008 it will become the eighth largest market. China's thousands of domestic companies account for 70% of the market, and the top 10 companies about 20%, according to Business China. In contrast, the top 10 companies in most developed countries control about half the market. Since June 30, 2004, the State Food and Drug Administration (SFDA) has been closing down manufacturers that do not meet the new GMP standards. Foreign players account for 10% to 20% of overall sales, depending on the types of medicines and ventures included in the count. But sales at the top-tier Chinese companies are growing faster than at Western ones.
http://en.wikipedia.org/wiki/Pharmaceutical_industry_in_the_People%27s_Republic_of_China

Dr. Reddy's Laboratories

From Wikipedia, the free encyclopedia "RDY" redirects here. For the radar system, see Radar Doppler Multitarget. Dr. Reddy's Laboratories Ltd.

Type Traded as Industry Founded

Public NSE: DRREDDY BSE: 500124 NYSE: RDY Pharmaceuticals 1984 Anji Reddy, Chairman

Headquarters Hyderabad, Andhra Pradesh, India Key people GV Prasad, CEO Revenue Net income Employees Website $1.67 billion (2011) $248 million (2010) 14,923 (2010) www.drreddys.com

Dr. Reddy's Laboratories Ltd. (NSE: DRREDDY, BSE: 500124, NYSE: RDY) is an integrated pharmaceutical company focused on providing medicines through its three business segments: Global Generics segment, Pharmaceutical Services and Active Ingredients (PSAI) segment and Proprietary Products segment. The company was founded by Dr. Anji Reddy, who had previously worked in the publicly owned Indian Drugs and Pharmaceuticals Limited, of Hyderabad, India. Dr. Reddy's manufactures and markets a wide range of pharmaceuticals in India and overseas. The company has over 190 medications, 60 active pharmaceutical ingredients (APIs) for drug manufacture, diagnostic kits, critical care, and biotechnology products. Dr. Reddy's began as a supplier to Indian drug manufacturers, but it soon started exporting to other less-regulated markets that had the advantage of not having to spend time and money on a manufacturing plant that that would gain approval from a drug licensing body such as the U.S. Food and Drug Administration (FDA). By the early 1990s, the expanded scale and profitability from these unregulated markets enabled the company to begin focusing on getting approval from drug regulators for their formulations and bulk drug manufacturing plants in more-developed economies. This allowed their movement into regulated markets such as the US and Europe.

By 2007, Dr. Reddy's had six FDA plants producing active pharmaceutical ingredients in India and seven FDA-inspected and ISO 9001 (quality) and ISO 14001 (environmental management) certified plants making patient-ready medications five of them in India and two in the UK.[1] In 2010, the family-controlled Dr Reddy's denied[2] that it was in talks to sell its generics business in India to US pharmaceutical giant Pfizer,[3] which had been suing the company for alleged patent infringement after Dr Reddy's announced that it intended to produce a generic version of Atorvastatin, marketed by Pfizer as Lipitor, an anti-cholesterol medication.[4][5] Reddy's was already linked to UK pharmaceuticals multinational Glaxo Smithkline.[6]
http://en.wikipedia.org/wiki/Dr._Reddy%27s_Laboratories

About Pharmaceutical Manufacturing Business

How to Start a Pharmaceutical Manufacturing Company

It is no secret that part of maintaining the health of a person is taking drugs and medicine whenever he is afflicted by ailments and probably you are planning to venture on the industry by which this is met: starting up a pharmaceutical manufacturing business. Here are valuable information you must not miss if you are serious with this plan. If there is something that is certain like the need for food for people sustain their health, there is also another certain thing that people need concerning their health. This is medicine for their ailing bodies. Everybody can get sick and be afflicted by certain medical conditions that need pharmacology maintenance. This is true and the validity of this statement can be seen by the proliferation of many pharmaceutical companies providing drugs and medicine to any kind of individual. The need for drugs and medicine applies to any kind of individual, be he poor or rich, young or old and this is the secret why pharmaceutical companies, small or big, thrive in the industry. Probably you already know this and already planning to test this industry by introducing a new pharmaceutical manufacturing business. If you have reached this part of the article, then most probably you are entertaining the idea of setting up a pharmaceutical manufacturing business. Then here are simple guides and information on what to expect when starting up a pharmaceutical manufacturing business.

Space and Equipments for Your Pharmaceutical Manufacturing Business

Since the nature of a pharmaceutical manufacturing business is to manufacture drugs and medicine for ailing people, it is understood that before you can do that you will need a good space and equipments for this operation. What space means here is a good building that will house the manufacturing operation. This building in a sense will also house all the equipments for making and processing drugs and medicine for your pharmaceutical manufacturing business. This basic seems daunting for any businessman venturing on pharmaceutical manufacturing business since the amount of financial capital for this is big. This business can cost you from several thousand dollars to multi millions and even billions depending on the product or medicine you are targeting to manufacture.
The Right People for Your Pharmaceutical Manufacturing Business

If you have no idea as to what kind of people you will need for a startup pharmaceutical manufacturing business, you can easily get a picture just by searching it out online. First and foremost you will need machine operators who will see whether the capsules or tablets that your company is producing are in accord with the specification of the pharmaceutical chemists. And speaking of pharmaceutical chemists, these experts are one of the valuable part of your pharmaceutical manufacturing company. These experts will be the one who will concoct the constitution of every pill, tablet and capsules your pharmaceutical business will produce. These people are basically the creator of your products and in their hands sits the success of your pharmaceutical company.