Reasons Why India is the "Pharmacy" of the Developing World medbuzz.in/blogs/reasons-why-india-is-the-pharmacy-of-the-developing-world
Posted by : Admin / On : February 16, 2021
India, a developing country, faces several challenges, especially providing its citizens with affordable medicines of high quality. It is not only the case with India but with every developing nation around the world. India's tag in medicine reminds the world of two things, high quality, and low price. The combination and ensuring health security in several developing countries makes Indian medicines favorite among the developing countries. India is one of the largest pharmaceuticals producers worldwide and has the largest United States Food and Drug Administration plants outside the US. The country's pharmaceutical industry is known for its competitiveness because of the ability to master the production of niche medicines quickly, strong R&D backup, competitive domestic firms, and Active Pharmaceutical Ingredient. "Robinhood"- is the name given to India in the world of pharmaceuticals.
Some reasons why India is the "Pharmacy: of the Developing World 1. India's affordable medicines make millions of people worldwide to stay alive India, before 2005 did not grant product patents on medications, which allowed for the production of low-cost medicines with generic names protected with patents in other countries. Indian generic manufacturers were the first to market low-cost medicines with generic names of the life-saving HIV medicines (Zidovudine) and cancer (Imatinib) through reverse engineering skills within a few years of their US launch. There was a price
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