I went to India a few years ago and met some Americans who said that a lot of drugs are manufactured there.
It would be great if India moved upmarket and developed its own pharmaceutical companies. The world would get a lot more research for a fraction of the current cost.
“The number of purely Indian pharma companies is fairly low. Indian pharma industry is mainly operated as well as controlled by dominant foreign companies having subsidiaries in India due to availability of cheap labor in India at low”
India will have the largest population within 5 years. I was imagining something much bigger, along with a China like rise in their economy.
I believe India is great for manufacturing generics (not the Java/C# variants), although I don't believe they can export them to US, even if India was innovative in this area I think export controls, lobbying and patents would hinder any disruption to US - you'll be paying $200 a course of antibotics that would cost $0.50 elsewhere for a very long time. If I was non-critically sick in America and without insurance (or even with where you pay X%), I'd do a rough calculation to see if it was cheaper to fly business class to India and go straight to a private hospital.
Yes, this is happening. You can buy equivalent of Herceptine (cancer drug) for 25% of Roche's original price. The active substance is the same as in the Roche's drug.
The problem is that you can't buy it in any European country except UK. You can't buy it on-line as postal & parcels services are cooperating with gov drugs agencies to make sure nothing will be "smuggled".
Hospitals are allowed to purchase that equivalent, however they don't want (why upset Roche) and when they are forced they add their margin, which is more then 100% of the drug value (at least in Poland). That is a joke, since you need to drop an email to those guys in India and do the bank transfer - this took me 15 min - eventually I have found someone in UK to be parcel recipient.
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[ 3.5 ms ] story [ 30.5 ms ] threadIt would be great if India moved upmarket and developed its own pharmaceutical companies. The world would get a lot more research for a fraction of the current cost.
https://en.wikipedia.org/wiki/Pharmaceutical_industry_in_Ind...
“The number of purely Indian pharma companies is fairly low. Indian pharma industry is mainly operated as well as controlled by dominant foreign companies having subsidiaries in India due to availability of cheap labor in India at low”
India will have the largest population within 5 years. I was imagining something much bigger, along with a China like rise in their economy.
The problem is that you can't buy it in any European country except UK. You can't buy it on-line as postal & parcels services are cooperating with gov drugs agencies to make sure nothing will be "smuggled".
Hospitals are allowed to purchase that equivalent, however they don't want (why upset Roche) and when they are forced they add their margin, which is more then 100% of the drug value (at least in Poland). That is a joke, since you need to drop an email to those guys in India and do the bank transfer - this took me 15 min - eventually I have found someone in UK to be parcel recipient.