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Miscellaneous
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| Number of pages / Number of words: |
24 / 6463 |
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But its share is increasing at the rate of 10% which is high compared to the global growth rate of 7%.
Traditionally, Indian pharma companies had relied on reverse engineering skills to make copies of international drugs. But increasingly, the larger pharmaceutical companies are realizing that to tap the huge US/EU markets, it is necessary to develop relevant research and development skills...
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But increasingly, the larger pharmaceutical companies are realizing that to tap the huge US/EU markets, it is necessary to develop relevant research and development skills. This increasing reliance on R&D had lead to the exports of major pharmaceutical companies to continuously rise. The sales of Indian pharmaceutical companies on domestic sales has reduced from as much as 80-90 percent of total sales in the early 1990's to around 51% in 2005-2006...
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