Facts:
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World third largest in terms of volume and 13th largest in terms of value
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Domestic consumption account for about 47% and export about 53%
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About $92 billion worth patented drugs expected to go off patent in US.
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The market size of the country’s pharma industry is estimated at over $20 billion.
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100% FDI is permitted in the existing pharma companies through the approval route.
Keywords:
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Jan Aushadhi Stores
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IPR Issues
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NPPA
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Combination Drugs
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Chandrakant Kokate Committee (Fixed-dose combination Drugs)