AV 9th February 2019

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FIRST & FOREMOST ASIAN WEEKLY IN EUROPE

R

Let noble thoughts come to us from every side

9 - 15 FEBRUARY 2019 - VOL 47 ISSUE 39

DRUGS STOCKPILING RAISES CONCERNS EXCLUSIVE

Priyanka Mehta

Britain's Pharma industry has been raising concerns around stockpiling drugs, high risks of creation of an artificial demand for medicines, possibly inflated tariffs as the Brexit showdown looms closer. Reports of patients stocking weeks worth of Epilepsy medications, Insulin injections and cancer drugs have surged in recent times. South Asians are known to be up to 6 times more likely to have type 2 diabetes than the general population and insulin helps in regulation of the blood sugar levels. But in a no-deal Brexit scenario, one of the major concerns is the fact no insulin is currently manufactured in the UK, meaning it has to be imported. While some attribute it to fear-mongering, consumers are worried about a potential no-deal Brexit after the consequent showdown in Parliament where Prime Minister Theresa May's deal doesn't seem to have any cross-party consensus. But how does a no-deal or a Hard Brexit impact the Pharma industry? “Within the EU, the health regulations are the same. So, at the moment if you have a drug manufactured or released in France, it is okay for them to be imported and used in the UK,” said Dr Bharat Shah co-founder and director of Sigma Pharmaceuticals Plc.

inside: UK home secretary orders extradition of Vijay Mallya SEE PAGE 26

CBI can question Kolkata police chief, can’t arrest him: SC SEE PAGE 23

NDA woos middle class, unorganised workers and farmers in budget Finance minister Piyush Goyal dished out doles to large sections of the population with an eye on the forthcoming Lok Sabha elections. It had a £600 million per annum direct income transfer for small and marginal farmers–those with holdings below 2 hectares or about 5 acres. The tax liability on those with

incomes up to Rs 5,00,000 was cut to zero. And there was plenty more for other segments. Prominent among these was the promise of a Rs 3,000 per month pension for those working in the unorganised sector when they reach 60 in return for a monthly contribution of Rs 55 to 100. Continued on page 23

"It is not a choice, it is who we are" SEE PAGE 14

Continued on page 16

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AV 9th February 2019 by Asian Business Publications Ltd - Issuu